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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

8989 Us-20 New Carlisle, IN 46552

10,296 SF Built 2006
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2006
Total area 10,296 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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