Case Study

CVS Pharmacy and HealthLinc

710 Franklin St., Michigan City, IN

  • Property Type: Retail
  • Size: 22,294 SF
  • Date Closed: 03/1/2020

Challenges

• The accounting and bookkeeping methods were different than normal and customary practices
• The footprint of CVS was unusual and uncustomary for this highly coveted tenant

Solutions

• Spent many hours reviewing and unpacking the accounting and formatting it into a manner that was easily identifiable for the Buyer
• Advised the Buyer to hire a property management firm that will allow for easier accounting methods and billing

Results

• The Buyer was able to understand the accounting
• The Buyer hired a local property manager to handle the day to day management and accounting of the property