CVS Pharmacy | Indianapolis, IN

CVS PHARMACY

3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

marketing package TABLE OF CONTENTS 03 Investment Summary 04 Retail Aerial 05 Lease Summary 06 Retail Aerial 07 Rent Schedule 08 Site Plan 09 About the Brand 10

Location Overview

CONTACT INFORMATION

joel cukier

Senior Associate (424) 325-2618

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

INVESTMENT SUMMARY Tenant

CVS Pharmacy

Street Address

3425 W. 16th St

City State Zip GLA Lot Size Year Built

Indianapolis IN 46222 10,722 SF

$

$1,795,000 LIST PRICE

% 7.77% CAP RATE $

$139,386

NET OPERATING INCOME

1.09 AC

Price / SF

$167.41

1994

Rent / SF

$13.00

Freestanding Drugstore with Drive-Thru The Subject Property is a 10,722 sq. ft. pharmacy sitting on 1.09 acres with a full drive-thru, leased to CVS Pharmacy until 10/1/2020. CVS will be vacating the space.

High Traffic Counts The subject property is positioned near a signilized corner with high traffic counts of over 40,000 vehicles per day.

Extremely Dense Demographics The Subject Property benefits from its dense demographics of over 15,000 people within a one-mile radius, and over 268,000 people within a 5-mile radius, respectively.

Dual Access Points The site benefits from its access points on W. 16th St and North Tibbs Ave.

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

RETAIL AERIAL

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

LEASE SUMMARY Lease Type Type of Ownership Original Lease Term

Triple-Net (NNN) Fee Simple

Real Estate Taxes

Tenant Responsible

Insurance

Tenant Responsible

20 Years

Roof & Structure

Landlord Responsible

Commencement Date

10/08/1995

Lease Guarantor

Corporate

Lease Expiration

10/31/2020

Company Name

CVS

Term Remaining

3 Months

Increases Options

3.85% in Each Option Five (5), 5-Year

Ownership Years in Business Number of Locations

Public 56 9,800+

Redevelopment Opportunity This property allows the investor a unique opportunity to re-tenant a well located , existing drive-thru location in the center of Indianapolis.

Surrounding National Retailers The Subject Property is immediately adjacent to a Burger King and neighbors a McDonald’s, BP gas station, Dollar General, Subway & a Popeyes’.

Proximity to Indianapolis Motor Speedway The subject property is located less than one mile from the Indianapolis Motor Speedway. The Indianapolis Motor Speedway is an automobile racing circuit located in Speedway, Indiana and is the home of the Indianapolis 500 and the Brickyard 400, and formerly the home of the United States Grand Prix.

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

RETAIL AERIAL

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

RENT SCHEDULE Period

Term

Annual Rent

Monthly Rent

Increase

CAP Rate

Current - 10/31/2020

Base Term

$139,386.00

$11,615.50

-

7.77%

11/1/2020 - 10/31/2025

1st Option

$144,752.36

$12,062.70

3.85%

8.06%

11/1/2025 - 10/31/2030

2nd Option

$150,325.33

$12,527.11

3.85%

8.37%

11/1/2030 - 10/31/2035

3rd Option

$156,112.85

$13,009.40

3.85%

8.70%

11/1/2035 - 10/31/2040

4th Option

$162,123.20

$13,510.27

3.85%

9.03%

11/1/2040 - 10/31/2045

5th Option

$168,364.94

$14,030.41

3.85%

9.38%

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

SITE PLAN

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

ABOUT THE BRAND CVS Pharmacy CVS Pharmacy is the largest retail pharmacy in the United States, filling more than one billion prescriptions each year. CVS retail stores feature thousands of items including organics and naturals, innovations in beauty and health, and healthier-for-you food choices. CVS Pharmacy is subsidiary of the American retail and health care company CVS Health. CVS Health is a pharmacy innovation company helping people on their path to better health.

9,800+

BBB

$256.8 Billion

290,000

NUMBER OF LOCATIONS

$

ANNUAL REVENUE

S&P CREDIT RATING

EMPLOYEES

CVS Health to Hire 50,000 in Response to Coronavirus Demand CVS is on a hiring spree to help meet increasing customer demand in wake of the 2020 pandemic. The pharmacy chain is planning to add more employees nationwide as part of what officials call the “most ambitious” hiring it will make yet. This is the largest hiring spree that the company has undergone in its history as it looks to keep up with customer demand for prescription delivery and in-store sales. Prescription delivery is up nearly 300 percent since CVS waived fees earlier this month as the company hopes to make an impact within the community amidst the pandemic.

CVS Health Reports Full-Year 2019 Results • Total revenues increased 32.0% to $256.8 billion • GAAP operating income increased to $12.0 billion • Adjusted operating income increased 36.2% to $15.3 billion • GAAP diluted earnings per share from continuing operations of $5.08

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

LOCATION OVERVIEW Indianapolis, IN Indianapolis, often shortened to Indy, is the state capital and most populous city of the U.S. state of Indiana and the seat of Marion County. With a population of around 855,000 people, it is the 15th largest city in the United States. The metropolitan area has more than 2 million residents, making Indianapolis the economic and cultural center of Indiana. More than 90 national companies have headquarters in the city, including Eli Lilly and Company, Anthem Inc., Angie’s List, RCI, Simon Property Group, Dow AgroSciences, Finish Line and the NCAA. This ever-changing city has a low unemployment rate of 4.2%, a dynamic sports scene, and one of the best growing sustainable food and agriculture scenes in the country. Located in the heart of the Midwest, Indy is a welcoming city with a growing economy. According to Forbes Magazine, the cost of living in Indianapolis is 7.6% below the national average making it a great place to both live and work. Several major interstates surround and intersect the city, allowing for easy access to road trip to other destinations in the Midwest.

Home to one of the world’s largest children’s museums, as well as professional and college sports teams and miles of recreational trails, the Circle City has plenty to keep locals entertained. Indianapolis’ lively downtown is easily walkable. With so many things to do, Indianapolis allows its residents to experience big-city living without too much effort.

Indianapolis Professional Sports When it comes to sporting events, Indianapolis takes the cake. The Circle City is home to the Colts, the Pacers, the Indians (AAA affiliate of the Pittsburgh Pirates), the Indy Fuel (Minor League affiliate of the Chicago Blackhawks), and the world famous Indianapolis Motor Speedway which hosts the Indy 500.

Universities & Education Indianapolis is home to some of the finest educational institutions in the country which include the Indianapolis University & Butler University.

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

LOCATION OVERvIEW 1.

The Children’s Museum of Indianapolis 3000 N. Meridian St, Indianapolis, IN 46208 4.6 MILES FROM SUBJECT PROPERTY

2. Indianapolis Zoo 1200 W. Washington St, Indianapolis, IN 46222 3.5 MILES FROM SUBJECT PROPERTY

3. Indianapolis Motor Speedway 4790 W. 16th St, Indianapolis, IN 46222 1.3 MILES FROM SUBJECT PROPERTY

4. White River State Park 801 W. Washington St, Indianapolis, IN 46204 3.9 MILES FROM SUBJECT PROPERTY

5. Soldiers & Sailors Monument 1 Monument Cir, Indianapolis, IN 46204 3.9 MILES FROM SUBJECT PROPERTY

6. Butler University 4600 Sunset Ave, Indianapolis, IN 46208 5.4 MILES FROM SUBJECT PROPERTY

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

LOCATION OVERvIEW

01 THE CHILDREN’S MUSEUM OF INDIANAPOLIS

This exhibit receives more than one million visitors annually.

02 INDIANAPOLIS ZOO

This zoo houses more than 3,800 animals of more than 320 species.

04 WHITE RIVER STATE PARK

This 250-acre park is a designated cultural district in Indianapolis.

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03 INDIANAPOLIS MOTOR SPEEDWAY

this speedway is home of the Indy 500 and the Brickyard 400.

05 SOLDIERS & SAILORS MONUMENT

This neoclassical monument was built on Monument Circle.

06 BUTLER UNIVERSITY

This university has over 60 academic fields of study in six colleges.

3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

Indianapolis Motor Speedway Indianapolis Motor Speedway Indianapolis is often referred to as the Racing Capital of the World thanks to the Indianapolis Motor Speedway, which takes up 560 acres on the west side of the city proper. Every May, hundreds of thousands of people show up to watch the largest-attended sporting event in the U.S., the Indianapolis 500. The event billed as The Greatest Spectacle in Racing is considered part of the Triple Crown of Motorsport, which comprises three of the most prestigious motorsports events in the world, also including the Monaco Grand Prix (which traditionally falls on the same day as the Indianapolis 500) and the 24 Hours of Le Mans.

The Motor Speeway is located on the corner of 16th Street and Georgetown Road, approximately six miles west of Downtown Indianapolis & less than 1.5 miles away from the Subject Property. On the grounds of the speedway is the Indianapolis Motor Speedway Museum, which opened in 1956, and houses the Hall of Fame. The Indianapolis Motor Speedway Museum’s mission is to preserve and share one of the world’s premier collections of automotive and motor racing vehicles and artifacts, with special emphasis on the Indianapolis 500-Mile Race.

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

DEMOGRAPHICS POPULATION

1-Mile

3-Mile

5-Mile

2025 Projection

15,782

108,003

274,837

2020 Estimate

15,125

104,104

266,254

2010 Census

12,546

89,705

236,999

Growth ‘20 - ‘25

4.34%

3.75%

3.22%

Growth ‘10 - ‘20

20.56%

16.05%

12.34%

1-Mile

3-Mile

5-Mile

2025 Projection

5,703

42,596

112,728

2020 Estimate

5,469

41,032

109,009

2010 Census

4,556

35,181

95,814

Growth ‘20 - ‘25

4.28%

3.81%

3.41%

Growth ‘10 - ‘20

20.04%

16.63%

13.77%

Average Income

$39,902

$45,430

$56,555

Median Income

$32,292

$35,267

$40,784

HOUSEHOLDS

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3425 W. 16TH ST, INDIANAPOLIS, IN 46222

CVS PHARMACY

DISCLAIMER

The information contained in this Marketing Brochure has been obtained from sources believed to be reliable, but the accuracy or completeness of the information contained therein cannot be guaranteed. James Capital Advisors, Inc. & Brian Brockman (“Broker”) has not, and will not, verify any of this information, nor has Broker conducted, nor will it conduct, any investigation regarding these matters. Broker makes no representations, guarantees, or warranties of any nature about the accuracy or completeness of any information provided. The information provided in this brochure is in no way a substitute for a thorough due diligence investigation by Buyer. Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to income and expenses for this property nor the future financial performance of the property. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties as to the size and square footage of the property, the presence of any contaminating substances at the property, the physical condition of the property or compliance with any State, Local or Federal regulations. In addition, Broker has made no investigation of, and has made no representations, guarantees, or warranties of any nature, with regard to the financial condition or future financial condition of any tenants, nor any future plans or intentions of tenants with regard to the continued occupancy of the property. All parties are aware that Broker has no affirmative obligation to conduct a due diligence examination of the property for any Buyer. Any and all projections or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. Therefore, Broker assumes no legal responsibility for accuracy or completeness of this information, and expressly disclaims all representations, guarantees, or warranties related thereto.

The value of the property to any Buyer depends on numerous factors that must be evaluated by Buyer and Buyer’s legal, tax, construction, and financial advisors. Buyer and Buyer’s advisors should conduct a thorough, independent investigation of the property to determine its suitability for Buyer’s intended usage. This investment, as with all real estate investments, carries a substantial risk. As such, Buyer and Buyer’s legal and financial advisors are strongly advised to request and review all legal and financial documentations related to the property and tenants.

A tenant’s past performance is not a guarantee of future performance. The lease rate stated for some properties may be based on a tenant’s projected sales with little or no record of actual performance or comparable rents for the area in question. Returns are in no way guaranteed. Tenants may fail to pay the rent or property taxes or any other tenant obligations under the terms of the lease or may default under the terms of such lease. Regardless of tenant’s history of performance, and/or any lease guarantors and/or guarantees, Buyer is responsible for conducting Buyer’s own investigation of all matters related to any and all tenants and lease agreements. Broker is not, in any way, responsible for the performance of any tenant or for any breach or default by any tenant of any terms of any lease agreement related to the property.

Further, Buyer is responsible for conducting Buyer’s own independent investigation of all matters related to the value of the property, including, but not limited to, the value of any long-term leases. Buyer must carefully evaluate the possibility of tenants vacating the property or breaching their leases and the likelihood and financial impact of being required to find a replacement tenant if the current tenant should default and/or abandon the property. Buyer must also evaluate Buyer’s legal ability to make alternate use of the property in the event of a tenant abandonment of the property.

CONFIDENTIALITY This Marketing Brochure and the information contained within, is propriety and strictly confidential. It is intended to be used only by the party receiving it from Broker. It should not be made available to any other person or entity without the express written consent of Broker.

RELEASE This Marketing Brochure has been prepared to provide basic, unverified information for prospective purchasers. By accepting this Marketing Brochure, the recipient agrees to release and hold harmless Broker from any claim, demand, liability or loss arising out, or relating in any way, to the information contained in this Marketing Brochure and from Buyer’s investigation of the property. In no event shall James Capital Advisors, Inc. or Broker be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this Marketing Brochure or any information contained herein.

NON-ENDORSEMENT Broker is not affiliated with, endorsed by or sponsored in any way by any tenant or lessee identified in this Marketing Brochure. The presence of any entity’s logo or name is not intended in any way to indicate affiliation, sponsorship or endorsement by said entity of Broker.

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www.jamescapitaladvisors.com

@jamescapitaladvisors

CVS PHARMACY

CONTACT INFORMATION CONTACT

joel cukier

Senior Associate (424) 325-2618 joel@jamescapitaladvisors.com CA RE Lic. 02005095 BROKER OF RECORD

Brian Brockman

Bang Realty, Inc (513) 898-1551 brian@bangrealty.com IN RE Lic #: RB14037939 CORP. Lic #:Â RC51000665

James Capital Advisors, Inc.

www.jamescapitaladvisors.com

@jamescapitaladvisors