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5920 Madison Ave
Indianapolis, IN 46227

$3,184,218 USD

Drugstore For Sale  •  15,406 SF

Property Details

• Property Type Drugstore
• Total Building Size 15,406 SF
• Lot Size 3.15 AC
• Building Class C
• Year Built 2001
• Cap Rate 8.00 %
• Tenancy Single
• Zoning C3

25 Transit Score

54 Walk Score

Highlights

Strong Credit Tenant – CVS is the only investment-grade credit pharmacy (S&P: BBB)

Full CVS corporate guaranty

NNN I Fee Simple Ownership I No Landlord Responsibilities

Over ±7 years remaining on the primary lease term

Long-term lease with (10) Five-Year Options to renew

Large ±3.15 AC parcel with ±75 parking spaces

Cap Rate:

8.00 %

Amenities

• Drive Thru

Public Transportation

Commuter Rail	Drive	Walk	Distance
Indianapolis (Cardinal - Amtrak)	11 min	-	6.1 mi
Airport	Drive	Walk	Distance
Indianapolis International	29 min	-	16.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	75
Type:	Surface
Included in Rent:	Yes