3808 Washington StIndianapolis, IN 46201

This fee-simple, net-leased CVS Pharmacy in Indianapolis, IN offers a compelling investment opportunity. The 12,585 square foot property, built in 1996, sits on a 1.03-acre lot at a high-traffic intersection (E. Washington St & Sherman Dr) and includes a drive-thru. Boasting a strong 8.50% cap rate and $165,500 NOI, the property benefits from a credit-rated tenant with a lease expiring August 31, 2026, including three 5-year renewal options with 5% rent bumps each. The location within the Indianapolis MSA (population over 2.14 million) provides excellent demographics, with over 254,000 residents and 108,000 households within a 5-mile radius, projected to grow through 2029. Proximity to Interstates 65 and 70 (300,000+ VPD) and nearby new developments (luxury apartments and hotel) further enhance its value. The CVS Pharmacy has operated at this location for over 28 years, establishing a strong community presence. The asking price is $1,947,000 ($154.71/sq ft). This is a 100% occupied, single-tenant property offering a stable, long-term investment.