2920 E 38th St | Indianapolis, IN 46218
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- LoopNet Team
2920 E 38th St
Indianapolis, IN 46218
New Format WAG |Low Price| Rare Bump in Term · Retail Property For Sale
Investment Highlights
- New Walgreens Pharmacy Small-Format Prototype Store: Personalized Pharmacy Care Geared Towards Health and Wellness and Over-the-Counter Medications
- Corporately Backed, Single-Tenant Pharmacy Location with High-Profile, Publicly-Traded Walgreens (NASDAQ: WBA/S&P “BBB-”/Moody’s “Baa2”)
- High Traffic Location: Approximately 40,000 Vehicles Per Day at N. Keystone Avenue and 38th Street
- Long-Term, NNN Lease with Approximately 8.5 Years of Term Remaining and Rare Mid-Term Rental Increase (5/1/2028) Taking Price to 6.35% CAP
- No Daily Mgmt: New 2023 Store| Tenant Responsible for All Daily Management | Landlord Responsible for Roof/Structure(15-Year Transferrable Warranty)
- Ideal Demographics in 29th Largest Metropolitan Economy in the U.S.: High Population Density of 272k+ People & Avg. Household Income $95k in 5 Miles
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Zoning
ZO01
Parking
23 Spaces (9.2 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $332,700 | |
| Land Assessment | $22,100 | Total Assessment | $354,800 |
Property Taxes
Parcel Numbers
Land Assessment
$22,100
Improvements Assessment
$332,700
Total Assessment
$354,800
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