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Single-Tenant Vacant-User

Former CVS Pharmacy

1320 Maple Ave, Terre Haute, IN 47804

Listing Price: $1,950,000

Tenant Name
CVS
Years Remaining On Lease
0.7
Guarantor
Corporate Guarantee
Rentable SF
12,519
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.31

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a former CVS pharmacy located at 1320 Maple Ave, Terre Haute, IN. The property is situated on an oversized 2.33 acre parcel of land and contains 12,519 square feet of net leasable area. CVS is subject to an absolute triple-net lease, with a primary lease term expiring in January 2023. Located along the Wabash River, Terre Haute is one of the largest cities in the Wabash Valley and is known as the Queen City of the Wabash. The city is home to multiple higher education institutions, including Indiana State University, Rose-Hulman Institute of Technology, and Ivy Tech Community College of Indiana. Terre Haute is a bustling metropolitan hub that is also known for offering a wide range of sports, outdoor recreation, and other attractions for students and families to enjoy. The subject property is zoned C-5, which allows for a multitude of commercial uses and options to re-tenant or re-develop. Permittable uses include: convenience and drugstores, dry goods stores, car washes, medical offices, business and professional offices, banks, restaurants, and service stations.

Investment Highlights

  • Oversized 2.33 Acre Parcel With Ample On-Site Parking
  • C-5 Zoning – Allows for Flexible Uses
  • Population of 40,000+ Within Three Mile Radius
  • Drive-Thru Location
  • Surrounding National Retailers Include Big Lots, Kroger and McDonald's
  • Hard Corner Signalized Intersection – Traffic of 43,000+ Vehicles Per Day
  • Within Two Miles of Indiana State University with 9,000+ Students and Union Hospital with 380 Beds
  • CVS Paying Rent Until January 2023

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Vacant-User

Former CVS Pharmacy

Listing Price: $1,950,000

Tenant Name
CVS
Years Remaining On Lease
0.7
Guarantor
Corporate Guarantee
Rentable SF
12,519
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.31

Investment Highlights

  • Oversized 2.33 Acre Parcel With Ample On-Site Parking
  • C-5 Zoning – Allows for Flexible Uses
  • Population of 40,000+ Within Three Mile Radius
  • Drive-Thru Location
  • Surrounding National Retailers Include Big Lots, Kroger and McDonald's
  • Hard Corner Signalized Intersection – Traffic of 43,000+ Vehicles Per Day
  • Within Two Miles of Indiana State University with 9,000+ Students and Union Hospital with 380 Beds
  • CVS Paying Rent Until January 2023

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in a former CVS pharmacy located at 1320 Maple Ave, Terre Haute, IN. The property is situated on an oversized 2.33 acre parcel of land and contains 12,519 square feet of net leasable area. CVS is subject to an absolute triple-net lease, with a primary lease term expiring in January 2023. Located along the Wabash River, Terre Haute is one of the largest cities in the Wabash Valley and is known as the Queen City of the Wabash. The city is home to multiple higher education institutions, including Indiana State University, Rose-Hulman Institute of Technology, and Ivy Tech Community College of Indiana. Terre Haute is a bustling metropolitan hub that is also known for offering a wide range of sports, outdoor recreation, and other attractions for students and families to enjoy. The subject property is zoned C-5, which allows for a multitude of commercial uses and options to re-tenant or re-develop. Permittable uses include: convenience and drugstores, dry goods stores, car washes, medical offices, business and professional offices, banks, restaurants, and service stations.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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