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JLL is pleased to offer for sale the fee-simple interest in a corporate Absolute NNN Lease CVS Pharmacy located in Rensselaer, Indiana. Located in the heart of the area's downtown region, the asset is surrounded by the county government buildings in addition to the local business pocket and several local restaurant staples.
The tenant recently extended their existing lease to a brand new 20-year term, giving an investors the chance to enjoy long-term stability backed by investment-grade credit in CVS Pharmacy
- 20-year absolute NNN lease extension with zero landlord responsibilities
- Essential services oriented tenancy with investment grade guaranty (S&P: BBB)
- Full service CVS with drive-thru pharmacy
- Centralized location in downtown Rensselaer with minimal competition