Retail Space
301 North Grand Avenue Connersville, IN 47331
Details & Description
Price: $7,339,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Connersville, Indiana. The tenant has over 12 years remaining in their initial term. The lease is corporate guaranteed by CVS Health Corporation (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across 49 states, the District of Columbia, and Puerto Rico.CVS Pharmacy is strategically located at the signalized, hard corner intersection of N. Grand Avenue and W. 3rd Street, averaging a combined 17,500 vehicles passing by daily. The building is complete with a drive-thru pharmacy, providing ease and convenience for customers. The property benefits from excellent visibility via significant street frontage and 2 large monument signs along both cross-streets. The asset is located less than 1 mile east of Connersville High School, a public campus containing over 1,000 students and 57 faculty, providing a direct consumer base to draw from. Furthermore, there is extremely limited competition in the surrounding 5-mile area with CVS being one of the primary drug store options for the city of Connersville. The 5-mile trade area is supported by more than 18,800 residents and 6,500 daytime employees with an average household income of $55,387.
    Listing Agents
    Matthew Mousavi

    O: 949-698-1116
    M: 714-404-8849
    matthew.mousavi@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    301 North Grand Avenue

    Connersville, IN 47331

    Connersville IN - CVS Pharmacy

    Listing ID: 255340
    • 301 North Grand Avenue Connersville, IN 47331 | for Sale | Photo 1
    • 301 North Grand Avenue Connersville, IN 47331 | for Sale | Photo 2
    • 301 North Grand Avenue Connersville, IN 47331 | for Sale | Photo 3
    301 North Grand Avenue | for Sale | Thumbnail 1
    301 North Grand Avenue | for Sale | Thumbnail 2
    301 North Grand Avenue | for Sale | Thumbnail 3
    Building Size: 12,746 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $575.79
    Land $/SF:
    Price
    $7,339,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, investment grade (S&P: BBB), corporate guaranteed, CVS Pharmacy investment property located in Connersville, Indiana. The tenant has over 12 years remaining in their initial term. The lease is corporate guaranteed by CVS Health Corporation (S&P: BBB) and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. CVS is the largest pharmacy chain in the United States with more than 9,900 stores across 49 states, the District of Columbia, and Puerto Rico.

    CVS Pharmacy is strategically located at the signalized, hard corner intersection of N. Grand Avenue and W. 3rd Street, averaging a combined 17,500 vehicles passing by daily. The building is complete with a drive-thru pharmacy, providing ease and convenience for customers. The property benefits from excellent visibility via significant street frontage and 2 large monument signs along both cross-streets. The asset is located less than 1 mile east of Connersville High School, a public campus containing over 1,000 students and 57 faculty, providing a direct consumer base to draw from. Furthermore, there is extremely limited competition in the surrounding 5-mile area with CVS being one of the primary drug store options for the city of Connersville. The 5-mile trade area is supported by more than 18,800 residents and 6,500 daytime employees with an average household income of $55,387.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cincinnati History of Retail Space for Sale

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    Connersville Area Market Trends

    Listing Demographics for 301 North Grand Avenue Connersville, IN 47331

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,53714,41717,639
    Population Median Age384142
    Population by Age0-9 Yrs556 (12%)1587 (11%)1893 (10%)
    10-19 Yrs753 (16%)1975 (13%)2374 (13%)
    20-29 Yrs594 (13%)1801 (12%)2044 (11%)
    30-39 Yrs431 (9%)1296 (8%)1638 (9%)
    40-49 Yrs560 (12%)1847 (12%)2283 (12%)
    50-59 Yrs623 (13%)1905 (13%)2478 (14%)
    60-69 Yrs526 (11%)2007 (13%)2478 (14%)
    70+ Yrs496 (10%)1998 (13%)2451 (13%)
    Median HH Income$31,355$37,298$41,743
    Total Household Income< 24K774 (41%)2086 (33%)2282 (30%)
    25-49K415 (22%)1697 (27%)2043 (27%)
    50-74K321 (17%)1049 (17%)1342 (17%)
    75-99K202 (10%)699 (11%)939 (12%)
    100-199K131 (7%)603 (9%)833 (11%)
    200K+3 (0%)29 (0%)49 (0%)
    Highest Education LevelNo Diploma83721162441
    Diploma or GED108642545205
    Some College44916522136
    Assoc. Degree186712926
    Bachelors Degree2438591144
    Higher Degree81316477
    Total Housing Units2,2687,0628,524
    --Owner-Occupied9763,7864,899
    --Renter-Occupied8692,3762,589
    Owner-Occupied Values< 100K74427483320
    100-199K1808861276
    200-299K3295201
    300-399K82753
    400-499K014
    500K+132846
    Total Working Age Population3,48811,61214,332
    In Work Force1,9496,3357,913
    Not In Work Force1,5395,2776,419
    Workforce Employed1,8355,9537,464
    Workforce Unemployed114382449
    Civlian Workforce1,9496,3357,913
    Military Workforce000
    Total Households1,8456,1627,488
    Family Households1,1093,7514,792
    Non-Family Households7372,4102,697
    Married Couple5802,3083,142
    Other Family5291,4431,650
    Married w/Child164619842
    Single Male w/Child37185215
    Single Female w/Child216592676

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Fayette County25,588-524,277-722,570-621,192

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 301 North Grand Avenue in Connersville?
    The asking price for 301 North Grand Avenue is $7,339,000
    What is the building size of this Retail property in Connersville, IN?
    The size of the building/unit at 301 North Grand Avenue in Connersville is 12,746 square feet
    What kind of Retail is the propery at 301 North Grand Avenue?
    The property at 301 North Grand Avenue Connersville, IN 47331 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 301 North Grand Avenue in Connersville?
    The population within 1 mile of 301 North Grand Avenue Connersville, IN 47331 is 4,537 people.
    Who do I contact for questions about 301 North Grand Avenue?
    You should contact the listing agent, Matthew Mousavi, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Cincinnati Northern Kentucky International Airport (CVG) 48
    James M Cox Dayton International Airport (DAY) 52
    Indianapolis International Airport (IND) 61