1505 E 86th St | Indianapolis, IN 46240
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- LoopNet Team
1505 E 86th St
Indianapolis, IN 46240
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens recently extended the lease for an additional 10 years through January 2030
- Premier northern Indianapolis suburb & prime corner signalized intersection
- Walgreens (NASDAQ: WBA) has an investment-grade corporate credit rating of “BBB” by Standard & Poor's.
- Tenant has occupied the subject site for 25+ years.
- Within a three-mile radius there are approximately 194,000 people with an average household income exceeding $103,000 annually
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,500 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.50 AC
Zoning
C-3 - C-3 Neighborhood Commercial District
Parking
65 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $867,700 | |
| Land Assessment | $622,700 | Total Assessment | $1,490,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$622,700
Improvements Assessment
$867,700
Total Assessment
$1,490,400
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