8989 Us-20 New Carlisle, IN 46552
- Retail properties
- 10,296 SF
Current Use by Public Records
- Retail properties
Property Details for 8989 Us-20
- Year built
- 2006
- Property size
- 10,296 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Carlisle
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.5259
- Latitude
- 41.704
