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Drugstore For Sale • 2,500 SF
| New Walgreens Pharmacy Small-Format Prototype Store: Personalized Pharmacy Care Geared Towards Health and Wellness and Over-the-Counter Medications |
| Long-Term, NNN Lease with Approximately 8.5 Years of Term Remaining and Rare Mid-Term Rental Increase (5/1/2028) Taking Price to 6.35% CAP |
| Corporately Backed, Single-Tenant Pharmacy Location with High-Profile, Publicly-Traded Walgreens (NASDAQ: WBA/S&P “BBB-”/Moody’s “Baa2”) |
| No Daily Mgmt: New 2023 Store| Tenant Responsible for All Daily Management | Landlord Responsible for Roof/Structure(15-Year Transferrable Warranty) |
| High Traffic Location: Approximately 40,000 Vehicles Per Day at N. Keystone Avenue and 38th Street |
| Ideal Demographics in 29th Largest Metropolitan Economy in the U.S.: High Population Density of 272k+ People & Avg. Household Income $95k in 5 Miles |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Walgreens (New Prototype Small Format Cooper Model | 2,500 SF | 5/1/2033 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 15 min | - | 7.6 mi | |
| Airport | Drive | Walk | Distance |
| Indianapolis International | 36 min | - | 19.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 23 |
| Type: | Surface |
| Included in Rent: | Yes |
