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Walgreens 25 Bills Blvd 14,525 SF Retail Building Martinsville, IN 46151 $2,700,000 ($185.89/SF) 11.43% Cap Rate
EXECUTIVE SUMMARY
F. C. Tucker, Cockerham Commercial is pleased to exclusively offer For Sale the 14,525 SF Walgreens located at 1900 S Ohio Street in Martinsville, IN. Current lease is an Absolute Net with an Expiration date September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. Property is located directly off HWY I-69. 20 minutes north to Indianapolis and 20 minutes south to Bloomington. NOTE-Former address was 1900 S Ohio St. Martinsville, IN
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,525 SF
Building Class
C
Year Built
2003
Price
$2,700,000
Price Per SF
$185.89
Cap Rate
11.43%
NOI
$308,610
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.13 AC
Opportunity Zone
Yes
Zoning
General Business
Parking
65 Spaces (4.48 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Walgreens
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Walgreens | Retailer | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 55-13-09-255-002.000-021 | Improvements Assessment | $1,529,600 |
| Land Assessment | $1,177,300 | Total Assessment | $2,706,900 |
PROPERTY TAXES
Parcel Number
55-13-09-255-002.000-021
Land Assessment
$1,177,300
Improvements Assessment
$1,529,600
Total Assessment
$2,706,900
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Walgreens | 25 Bills Blvd
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