CVS Leased Investment
For Sale
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717 N 3rd St, Logansport, IN 46947
NNN leased CVS with 15 years remaining on lease.
Property Size10,125 SF
Price / SF$348.65
Days on Market195
Property Features for 717 N 3rd St
General Information
Standard status
Active
Size
10,125 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$234,750
Building Details
Year Built
1999
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Collin Meadors · License #204518
Source:
Crexi
Added: Jan 28
Changed: Aug 10
Last Checked: Aug 9 at 1:17PM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
The property is fully occupied by CVS Health Corporation and is subject to a NNN lease that assigns limited responsibilities to the landlord. The base lease term has 15 years remaining, with five 5-year renewal options available. Rent is scheduled to increase by 5% at the start of each option period. According to Placer.ai, this CVS location ranks within the top 37% of locations nationwide and the top 23% in Indiana, based on store visits. The property is located in Logansport, Indiana, which is centrally positioned between Indianapolis and Chicago, providing access to major Midwest population centers. Logansport serves as the primary commercial and employment hub for the surrounding region. The property is located less than one mile from Parkview Logansport Hospital, an 83-bed, full-service medical facility.
Key Highlights
- NN lease with CVS Health Corporation provides 100% occupancy with limited landlord responsibilities.
- 15 years remaining on base lease term offers long‑term, stable income.
- Features renewal options and rent increases with five 5‑year renewal options with 5% rent increases at each option.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46947, IN
28,295
Population
12,113
Households
2.3
Avg Household Size
40
Median Age
16%
College-Educated
84%
High-School Grad
190.3 sq mi
ZIP Area
149
Density / Sq Mi
$55,088
Median Household Income
$35,848
Median Earnings
$791
Median Rent
$110,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Genoa Healthcare — 800 Fulton St, Logansport, IN 46947
- CVS Pharmacy — 717 N 3rd St, Logansport, IN 46947, United States
- Community Pharmacy — 1201 Michigan Ave # 100, Logansport, IN 46947
- CVS — 717 N 3rd St, Logansport, IN 46947
- Logansport Nutrition — 528 E Broadway, Logansport, IN 46947
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased CVS with 15 years remaining on lease.
Where is this drug store located?
The property is located at 717 N 3rd St Logansport, IN.
What is the asking price?
The asking price for this property is $3,530,075.
What are key features of this property?
This property features: NN lease with CVS Health Corporation provides 100% occupancy with limited landlord responsibilities.; 15 years remaining on base lease term offers long‑term, stable income.; Features renewal options and rent increases with five 5‑year renewal options with 5% rent increases at each option.
