1302 W State Road 2 | La Porte, IN 46350
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1302 W State Road 2
La Porte, IN 46350
Walgreens | Rare Rental Increase · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Situated as an outlot to a 221,000+ sq./ft shopping center, Walgreens sits on a signalized, hard-corner intersection
- The lease calls for a 9.53% rental rate increase beginning in 2026 through the remainder of the lease term
- The Subject Property is shadow-anchored by a new Rural King
- The Property is located within close proximity to La Porte’s regional hospital
- Walgreens has previously exercised an early renewal at this location, demonstrating strong site performance and commitment to this location
- Tenant is responsible for all expenses including common area maintenance, parking lot maintenance, insurance and real estate taxes
PROPERTY FACTS
Property Type
Retail
Building Size
15,120 SF
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.31 AC
PROPERTY TAXES
| Parcel Number | 46-10-02-154-008.000-043 | Improvements Assessment | $1,158,900 |
| Land Assessment | $154,000 | Total Assessment | $1,312,900 |
PROPERTY TAXES
Parcel Number
46-10-02-154-008.000-043
Land Assessment
$154,000
Improvements Assessment
$1,158,900
Total Assessment
$1,312,900
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