Walgreens - Indianapolis, IN
9240 Rockville Rd, Indianapolis, IN, 46234-2558, US
SEK 55,102,000 | 1,346 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 12,585 square foot freestanding, single-tenant CVS/Pharmacy located at 3808 East Washington Street in Indianapolis, Indiana (“Property” or “Asset”).
The Asset is 100% leased to Hook-SupeRX, L.L.C. (“Tenant”) and guaranteed by Revco D.S., Inc. (“Guarantor”). Many former Hook’s locations are now CVS Pharmacies after Hook’s-SupeRx was acquired by Revco in 1994 and Revco was acquired by CVS in 1997. As the largest U.S. pharmacy by total prescription revenue, CVS generated revenues of $357 billion in 2023, an 11% increase year-over-year.
The Property is strategically positioned on the signalized intersection of E Washington St and N Sherman Dr with direct visibility to more than 38,000 vehicles per day. Adjacent are Purdue Polytechnic High School and Thomas Carr Howe High School with 1,210+ combined students enrolled. The Property is in a growing Indianapolis market with 9.0% population growth since 2010 and more than 255,000 residents within a 5-mile radius.