8989 Us-20 New Carlisle, IN 46552
This exceptional investment opportunity presents a 10,296 square foot CVS Pharmacy located at 8989 US-20 in New Carlisle, Indiana (zip code 46552). Built in 2006, this single-tenant, Class A brick building boasts a drive-thru lane and is the only pharmacy within a 10-mile radius, ensuring strong and consistent performance. The property is offered at $2,080,000 with an absolute NNN lease structure, eliminating all landlord responsibilities. The lease features over six years remaining on the original term, and a rent decrease in the option period virtually guarantees renewal. This is a highly desirable, low-maintenance investment with a proven track record and significant long-term potential. The property is situated in LaPorte County and benefits from its convenient location and high visibility along US-20. The building's excellent condition and the strength of the CVS brand combine to create a compelling investment opportunity for discerning buyers seeking a secure, passive income stream. This is a turnkey investment with minimal operational overhead, making it an ideal addition to any portfolio. The property's single-tenant occupancy minimizes risk and simplifies management.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.