5920 Madison Ave | Indianapolis, IN 46227
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- LoopNet Team
5920 Madison Ave
Indianapolis, IN 46227
CVS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Strong Credit Tenant – CVS is the only investment-grade credit pharmacy (S&P: BBB)
- NNN I Fee Simple Ownership I No Landlord Responsibilities
- Long-term lease with (10) Five-Year Options to renew
- Full CVS corporate guaranty
- Over ±7 years remaining on the primary lease term
- Large ±3.15 AC parcel with ±75 parking spaces
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,406 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.15 AC
Zoning
C3
Parking
75 Spaces (4.87 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 49-15-06-146-009.000-500 | Improvements Assessment | $720,000 |
| Land Assessment | $515,000 | Total Assessment | $1,235,000 |
PROPERTY TAXES
Parcel Number
49-15-06-146-009.000-500
Land Assessment
$515,000
Improvements Assessment
$720,000
Total Assessment
$1,235,000
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