1074 N State Road 267
Avon, IN 46123

The lease structure is triple net (NNN), with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are thirteen (13.4) years remaining on the lease term, plus ten (10), five (5) year options. The lease is corporately guaranteed by CVS Health Corporation (formerly known as CVS Corporation). There are 97,498 residents located in the five (5) mile demographic ring, and this area is projected to experience growth of 1.64% over the next five (5) years. The average household income in the five (5) mile demographic ring is an affluent $87,066. CVS is located 26 minutes (13.4 Miles) outside of Indianapolis, IN, and just 18 minutes (11.3 Miles) from the Indianapolis International Airport. The property is situated on the hard-signalized corner of State Route 267 & E Country Road 100 N, which reports traffic counts of over 11,000 cars per day. The subject property is located within three (3) miles of almost a dozen schools, including Avon Middle School, Hickory & Cedar Elementary School, and Avon High School, among others. CVS is located just 7 minutes (3.3 Miles) from Indiana University (IU) Health West Hospital. This 127-bed hospital holds Magnet designation, which means its nurses rank in the top tier of nurses nationwide.