CVS Drug Store with Long-Term
For Sale
Contact for pricing
802 N Meridian St, Portland, IN 47371
The CVS lease includes a recent extension, with the tenant paying property expenses directly.
Property SizeContact for details
Days on Market141
Property Features for 802 N Meridian St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Skyline Property Group
Listed By:
Alexander Ghatan · License #CA 01312344
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 10:57AM
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 Skyline Property Group
Investment Insights
Based on property information with market context.
This CVS drug store at 802 N Meridian St in Portland, Indiana, is occupied under a recently extended lease. The extension runs for 19 years, with +/-16 years remaining. CVS pays property expenses directly, and the building has a recently installed roof backed by a warranty.
The property is located by a Super Walmart. Reported CVS sales have increased about 52% since 2017, while the rent-to-sales ratio is 1.63%. A recent clean Phase 1 environmental assessment and an ALTA survey are available.
The property is located by a Super Walmart. Reported CVS sales have increased about 52% since 2017, while the rent-to-sales ratio is 1.63%. A recent clean Phase 1 environmental assessment and an ALTA survey are available.
Key Highlights
- CVS drug store at 802 N Meridian St, Portland, IN 47371
- Recent 19‑year lease extension with +/-16 years left
- CVS pays property expenses directly
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47371, IN
12,143
Population
5,458
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
55
Density / Sq Mi
$59,215
Median Household Income
$38,031
Median Earnings
$746
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - The CVS lease includes a recent extension, with the tenant paying property expenses directly.
Where is this drug store located?
The property is located at 802 N Meridian St Portland, IN.
What are key features of this property?
This property features: CVS drug store at 802 N Meridian St, Portland, IN 47371; Recent 19‑year lease extension with +/-16 years left; CVS pays property expenses directly
