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Absolute NNN | Next Walgreens 23 Miles Away 110 W Market St 14,259 SF Retail Building Crawfordsville, IN 47933 $4,166,666 ($292.21/SF) 9% Cap Rate
Investment Highlights
- The lease is on an absolute net basis with 3.75 years of primary lease term remaining, 10 (5-year) options and no landlord responsibilities whatsoever
- Located in the heart of Crawfordsville, N Washington St. and W Market St. with a combined traffic count of approximately 30K vehicles per day.
- This Walgreens is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens. These are the only two nat
- Two miles south of Franciscan Health Crawfordsville (103 beds) and Wellbrooke Senior Living.
Executive Summary
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
C
Year Built
2004
Price
$4,166,666
Price Per SF
$292.21
Cap Rate
9%
NOI
$375,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.29 AC
Opportunity Zone
Yes
Frontage
165’ on Market St
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 54-17-32-223-011.000-030 | Improvements Assessment | $1,107,100 |
| Land Assessment | $73,300 | Total Assessment | $1,180,400 |
Property Taxes
Parcel Number
54-17-32-223-011.000-030
Land Assessment
$73,300
Improvements Assessment
$1,107,100
Total Assessment
$1,180,400
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Absolute NNN | Next Walgreens 23 Miles Away | 110 W Market St
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