CVS Pharmacy
15 Years Remaining | Low Rent-to-Sales Ratio
Marketing description
The Property is 100% occupied by CVS Health Corporation and is subject to a NN lease with limited landlord responsibilities. There are 15 years remaining on the base lease term with 5, 5-year renewal option periods and 5% rent increases at the beginning of each option period. According to Placer.ai, this CVS ranks within the top 37% of locations nationwide and the top 23% in Indiana based on store visits.
Logansport is centrally positioned between Indianapolis and Chicago, providing convenient access to major Midwest population centers, and serves as the primary commercial and employment hub for the surrounding region. Located less than one mile from the Property, Parkview Logansport Hospital is an 83-bed, full-service medical facility widely recognized for delivering high-quality care to the Cass County region.
Investment highlights
Investment Grade Credit Tenant
Longstanding History and Recent Renewal
Low Rent-to-Sales Ratio
Great Visibility & Ease of Access
Established Regional Hub
Long Remaining Lease Term and Net Lease Structure
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