100 N Detroit St | Warsaw, IN 46580
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- LoopNet Team
100 N Detroit St
Warsaw, IN 46580
CVS | Warsaw IN · Retail Property For Sale
Investment Highlights
- CVS Health, the corporate guarantor of this lease, is the only investment grade credit tenant pharmacy (BBB rating from Standard & Poor's)
- CVS has recommitted to this location by renewing their lease early for an additional 10 years (thru 2034) plus 3 x 5yr. options with rental increases
- 50% of the roof was replaced in August of ’23 and has a 20yr manufacturer warranty in place
- CVS has been operating in this location for more than 28 years and has a strong sales history that surpassed $19M in 2023
- Low rent at $13.93 per square foot, low price point, historically high sales, and located at a signalized intersection with great visibility
- CVS’ lease structure offers a passive ownership opportunity with minimal landlord responsibilities and tenant reimbursing or paying expenses directly
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,908 SF
Building Class
C
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.87 AC
Zoning
C-4 C - Heavy Commercial Zone
Frontage
237 FT on North Detroit Street
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 43-11-08-200-927.000-032 | Improvements Assessment | $550,400 |
| Land Assessment | $661,000 | Total Assessment | $1,211,400 |
PROPERTY TAXES
Parcel Number
43-11-08-200-927.000-032
Land Assessment
$661,000
Improvements Assessment
$550,400
Total Assessment
$1,211,400
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