DARK CVS PHARMACY 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY marketing package
TABLE OF CONTENTS
03 Investment Summary 04 Retail Aerial 05 Propety Photos 07 Retail Aerial 08 Site Plan 09 Location Overview 13 Indianapolis Motor Speedway 15 Contact
CONTACT INFORMATION
joel cukier Senior Associate (424) 325-2618
02 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY INVESTMENT SUMMARY
Tenant Dark CVS Pharmacy $ $1,795,000 Street Address 3425 W. 16th St LIST PRICE City Indianapolis % N/A State IN CAP RATE Zip 46222 $ N/A GLA 10,722 SF NET OPERATING INCOME
Lot Size 1.09 AC Price / SF $167.41 Year Built 1994 Rent / SF N/A
Former Freestanding Drugstore with Drive-Thru - The subject property is a 10,722 sq. ft. building sitting on 1.09 acres with a full drive-thru. CVS has since vacated the premises. 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. 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 w- 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.
03 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY RETAIL AERIAL
04 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY Property Photo
05 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY Property Photo
06 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY RETAIL AERIAL
07 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY SITE PLAN
08 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK 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.
09 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK 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
10 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK CVS PHARMACY LOCATION OVERvIEW
01 02 03
THE CHILDREN’S MUSEUM OF INDIANAPOLIS INDIANAPOLIS ZOO INDIANAPOLIS MOTOR SPEEDWAY This exhibit receives more than one This zoo houses more than 3,800 this speedway is home of the Indy million visitors annually. animals of more than 320 species. 500 and the Brickyard 400.
04 05 06
WHITE RIVER STATE PARK SOLDIERS & SAILORS MONUMENT BUTLER UNIVERSITY This 250-acre park is a designated This neoclassical monument was This university has over 60 academic cultural district in Indianapolis. built on Monument Circle. fields of study in six colleges.
11 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK 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%
HOUSEHOLDS 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
12 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK 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.
13 3425 W. 16TH ST, INDIANAPOLIS, IN 46222 DARK 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 com- parable 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.
14 www.jamescapitaladvisors.com @jamescapitaladvisors DARK CVS PHARMACY CONTACT INFORMATION
CONTACT joel cukier Senior Associate (424) 325-2618 [email protected] CA RE Lic. 02005095
BROKER OF RECORD Brian Brockman Bang Realty, Inc (513) 898-1551 [email protected] IN RE Lic #: RB14037939 CORP. Lic #: RC51000665
James Capital Advisors, Inc. www.jamescapitaladvisors.com @jamescapitaladvisors