• Broker John Riser 3178440700 x 704

CVS Pharmacy 11591 Olio Rd

15,310 SF 100% Leased Retail Building Fishers, IN 46037 $5,944,584 CAD ($388.28 CAD/SF) 8% Cap Rate

View Photo

INVESTMENT HIGHLIGHTS

  • Single Tenant Net Lease Asset
  • 6+ Years Remaining on the Original Lease Term
  • Includes: Minute Clinic, HealthHub, & Drive-Thru Lane
  • Absolute NNN Lease
  • Rent Decrease in Option Period Almost Guarantees Renewal
  • Situated in Affluent Hamilton County adjacent to Geist Reservoir

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,310 SF
Building Class
B
Year Built
2005
Price
$5,944,584 CAD
Price Per SF
$388.28 CAD
Cap Rate
8%
NOI
$475,583 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.67 AC
Zoning
C3, Indianapolis
Parking
50 Spaces (3.7 Spaces per 1,000 SF Leased)
Frontage
326’ on E 116th St

AMENITIES

  • Drive Thru

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Olio Rd E 116th St, N 13,252 2022 0.08 km
Olio Rd E 116th St, S 18,759 2022 0.15 km
Olio Road E 116th St, S 16,363 2022 0.15 km
E 116th St Olio Rd, E 18,764 2022 0.22 km
E 116th St John St, W 1,280 2022 0.23 km
East 116th Street Lakeridge Dr, W 16,843 2022 0.24 km
Local Lakeridge Dr, W 13,502 2020 0.24 km
Local Deer Stone Ln, W 3,861 2020 0.27 km
Olio Rd E 113th St, N 15,807 2022 0.35 km
E 113th St Deer Stone Ln, W 3,409 2022 0.39 km

NEARBY MAJOR RETAILERS

Pure Barre
Goldfish Swim School
Buffalo Wild Wings
First Merchants Bank
Stretchlab
Orangetheory Fitness
Chase Bank
Huntington National Bank
Starbucks
F45 Training, Inc.

PROPERTY TAXES

Parcel Number 29-15-01-021-004.000-020 Improvements Assessment $1,261,711 CAD
Land Assessment $2,277,065 CAD Total Assessment $3,538,775 CAD

Map of 11591 Olio Rd Fishers, IN 46037

ADDITIONAL PHOTOS

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