Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

945 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Walgreens 2800 Us Highway 231 S 14,820 SF Retail Building Lafayette, IN 47909 $3,556,757 ($240.00/SF) 9.25% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Absolute NNN Walgreens with 7.5 Years of Term Remaining | Corporate Guarantee
Situated at a Signalized Intersection | Heavily Traveled Area
From 2010-2020, the Population Grew 5.26% and is Expected to Grow Another 4.31% by 2029 within a One-Mile Radius

Tenant has been Operating at this Location Since 2008
Limited Competition | Only Walgreens Location within a 2-Mile Radius

EXECUTIVE SUMMARY

This corporately guaranteed Walgreens investment offers a stable, long-term opportunity with 7.5 years remaining on an absolute NNN lease, meaning no landlord responsibilities. The tenant has operated at this high-visibility, signalized intersection since 2008, benefiting from strong traffic counts and limited competition. It’s the only Walgreens within a 2-mile radius, with none for over 10 miles to the south and west. It offers a prime location near Purdue University and major employers like Subaru’s U.S. auto plant. The site is surrounded by dense residential communities and a growing population, making it a compelling choice for investors seeking reliable income and strong market fundamentals.

Walgreens Lafayette IN Brochure

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2008

Price

$3,556,757

Price Per SF

$240.00

Cap Rate

9.25%

NOI

$329,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.84 AC

Zoning

Commercial - Commercial

Parking

80 Spaces (5.4 Spaces per 1,000 SF Leased)

Frontage

338’ on IN-25

Drive Thru

Wheelchair Accessible

Air Conditioning

Retailer
-
$9.99
Lorem Ipsum
Jan 0000

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.