Corporate-Guaranteed CVS Drug
New
For Sale
Contact for pricing
4026 South 00 EW, Kokomo, IN 46902
Absolute NNN lease with long-term occupancy and multiple renewal options at a signalized hard-corner site.
Property SizeContact for details
Days on Market4
Property Features for 4026 South 00 EW
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
This CVS drug store is operated under an absolute NNN lease guaranteed by CVS Health Corporation. The lease extends through 2039, has approximately 13.1 years of remaining term, and includes ten 5-year renewal options. CVS has occupied the property since 1999, providing an established operating history for the site.
The store occupies a hard corner at the signalized intersection of 400 South and South 00 EW, carrying traffic volumes of 6,419 VPD and 13,813 VPD, respectively. The property is less than 2 miles from the US-31 on-ramp, with downtown Kokomo less than 5 miles north. Speedway and a Marathon gas station are directly across the intersection, while more than 1,540 households are located within a 1-mile radius.
The surrounding retail corridor includes Boulevard Crossing Shopping Center and Kokomo Town Center, both within 4 miles. The property is also near major manufacturing employers, Community Howard Regional Health, Indiana University Kokomo, schools, and golf courses. Within 5 miles, the area includes 5.2 MSF of retail, 1.8 MSF of office, 9.1 MSF of industrial, 4,521 multifamily units, and 1,129 hotel rooms.
The store occupies a hard corner at the signalized intersection of 400 South and South 00 EW, carrying traffic volumes of 6,419 VPD and 13,813 VPD, respectively. The property is less than 2 miles from the US-31 on-ramp, with downtown Kokomo less than 5 miles north. Speedway and a Marathon gas station are directly across the intersection, while more than 1,540 households are located within a 1-mile radius.
The surrounding retail corridor includes Boulevard Crossing Shopping Center and Kokomo Town Center, both within 4 miles. The property is also near major manufacturing employers, Community Howard Regional Health, Indiana University Kokomo, schools, and golf courses. Within 5 miles, the area includes 5.2 MSF of retail, 1.8 MSF of office, 9.1 MSF of industrial, 4,521 multifamily units, and 1,129 hotel rooms.
Key Highlights
- CVS Health Corporation provides a corporate guaranty for the absolute NNN lease
- Lease runs through 2039 with ±13.1 years of term remaining
- Ten 5‑year renewal options are included
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,555 visits/mo
0.2 miles
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with long-term occupancy and multiple renewal options at a signalized hard-corner site.
Where is this drug store located?
The property is located at 4026 South 00 EW Kokomo, IN.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: CVS Health Corporation provides a corporate guaranty for the absolute NNN lease; Lease runs through 2039 with ±13.1 years of term remaining; Ten 5‑year renewal options are included
