CVS Pharmacy

265 S Scatterfield Rd - Anderson IN 46012

LTV (Loan to Value)	65.00%	Current NOI	$225,000.00
Interest Rate	4.250%	Capital Rate	5.000%
Fixed Term	10 Years	Land Area	1.50 Acre
Amortization	25 Years	Lease Type	NNN
Loan Amount	$2,925,000.00	Property Type	Retail
Payment	$15,845.84	Property Lease	Drug Store
Bulding Size	10,112 SF	Remaining Terms	25 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a CVS property located in Anderson, Indiana.This property was a build-to-suit for CVS in 1999 and has operated at this location successfully ever since. As of June 2015, CVS Health signed a new 25 year NNN lease extension with Six (6), Five (5) year options. The subject property is strategically located on the Northwest corner of S. Scatterfield Road and University Boulevard. Directly west of subject property is Anderson University, which is an accredited private Christian college that sits on over 100 acres.

Highlights

Strong Credit & Growing Company – CVS has investment grade credit and strong financials. As of June 2015, CVS reached…

Property Description

Anderson is a city in and the county seat of Madison County, Indiana. It is the principal city of the Anderson, Indiana Metropolitan Statistical Area which encompasses Madison County. Anderson is the headquarters of the Church of God (Anderson) and home of Anderson University, which is affiliated with that denomination. Highlights of the city include the historic Paramount Theatre and the Gruenewald Historic House. The population was 56,129 at the 2010 census. Nestle, one of the major employers in Madison County recently expanded their plant in Anderson. With its combination of attractive economic development policies, strong local workforce and proximity to a large number of high-quality dairy farms, the Anderson community is the best place for this expansion of the Nestlé beverage operations. The company will increase the workforce in the future as production volume continues to increase across the Anderson site. The plant employs more than 700 people in roles ranging from logistics, packaging, process engineering, engineering and controls to automation engineering.