Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2008
Building Area Gross
Occupancy 100.0 %

Property description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the opportunity to acquire fee-simple interest in a CVS (“The Property”) in the Elwood, IN. The Property sits on a hard corner in Elwood’s downtown area, with a combined traffic count of over 17,000 vehicles daily. Indiana is a top business environment in the Midwest due to its business incentives and leading infrastructure. The Property sits in the Indianapolis MSA which has shown strong population growth within the city and the surrounding suburbs over the past decade. CVS is a premier healthcare provider, generating the largest total prescription revenue in the nation throughout its almost 10,000 sites nationwide. CVS is operating on a brand-new lease extension, a testament to the confidence CVS corporate has in the site. 

Investment highlights

EXCELLENT REAL ESTATE FUNDAMENTALS

Located on a hard corner location in downtown Elwood, IN, the location sees a combined vehicle count of 17,600 daily.

The site benefits from the pro-business environment of Indiana, which ranks as one of the top Midwestern states for companies.

The Indianapolis population has grown continuously over the past decade within the city and the surrounding suburbs.

BRAND NEW 15-YEAR EXTENSION

Due to the strength of the location, CVS executed a brand-new 15-year lease extension displaying their long-term commitment to the site.

Absolute NNN Lease requires zero landlord responsibilities throughout the lease term. 

INVESTMENT GRADE TENANCY

CVS boasts investment grade credit (S&P: BBB).

The Tenant reported $290.9 billion in revenue in 2021 and currently holds a market cap of $141.8 billion.

Employing 300,000+ people at almost 10,000 locations, CVS is one of the largest corporation in the nation, ranking No. 4 on the Fortune 500.

Last Updated Date: 13 Jun 2022

Please enter your corporate email account in the email field. We may not be able to reply to your personal email account or free email address such as Gmail or Yahoo Mail.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry, providing information such as our services and events.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 13 Jun 2022

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

Please go to the below link for our commitment to compliance (Japanese only).

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.