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- LoopNet Team
1010 E State Road 44
Shelbyville, IN 46176
Walgreens (Dollar Tree Sub Lease) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
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ABOUT 1010 E STATE ROAD 44 , SHELBYVILLE, IN 46176
Newmark Grubb Knight Frank ( NGKF ) Capital Markets has been exclusively retained by Ownership to sell the 100% fee simple interest in the Walgreens (the Property ) located at 1010 East Road 44 in Shelbyville, Shelby County, Indiana. The Property is a single tenant, net leased Walgreeens located at the signalized intersection of State Route 44 East and Amos Road. The Property is located in Shelbyville, which is approximately 18 miles southeast of Indianapolis. There are approximately 14.5 years of primary term remaining from the original 25 year absolute net lease that commenced in 2006. The Property is being offered for $5,133,000, which represents a 6.00% capitalization rate. State Route 44 East intersects with Interstate 74 and is the main commercial road in Shelbyville. Tenants that anchor State Route 44 include Walmart, Kroger, Applebee' s, McDonald' s and several other national tenants. State Route 44 is also the primary thoroughfare that provides access to downtown Shelbyville. Shelbyville is the leading commercial, business and health hub for the rural communities and population within Shelby County. Indiana Broker of Record: Todd J. Maurer CEO - Newmark Knight Frank Halakar
PROPERTY TAXES
| Parcel Number | 73-11-04-100-154.000-002 | Improvements Assessment | $1,389,500 |
| Land Assessment | $494,200 | Total Assessment | $1,883,700 |
PROPERTY TAXES
