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1975 N Main St
Bluffton, IN 46714
Walgreens · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
ABOUT 1975 N MAIN ST , BLUFFTON, IN 46714
CBRE is pleased to present for sale a well-located Walgreen' s drugstore in Bluffton, Indiana. The store contains 14,560 square feet on 1.89 acres with 65 parking spaces. The store is located at the signalized intersection of North Main Street and Monroe Street. The property has commanding visibility in both directions along North Main Street which has a daily traffic count of over 16,700 vehicles. The property has a triple-net lease with with no landlord responsibilities. The lease commenced on September 7, 2003, and it expires on September 30, 2028. The net rent is $261,000, or $17.93 psf. The property is ideal for an investor with an immediate 1031 exchange requirement. The property is offered on an all-cash basis for $4,015,000 or a 6.5% cap rate. The property is located in a retail area with national tenants including; Wal-Mart Supercenter, Lowe' s and Comfort Inn. Bluffton is 20 miles south of Fort Wayne, Indiana.
PROPERTY TAXES
| Parcel Number | 90-05-27-200-003.000-011 | Improvements Assessment | $847,700 |
| Land Assessment | $753,900 | Total Assessment | $1,601,600 |
PROPERTY TAXES
