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Dark Walgreens 535 N Line St 14,820 SF Retail Building Columbia City, IN 46725 $2,800,000 ($188.93/SF)
Investment Highlights
- Seller engaged with the tenant in lease buyout discussions. Please contact broker for details.
- ±14,820 SF building on a large ±1.47-acre lot. The property benefits from a dedicated drive-thru lane and pylon signage
- About 30 minutes from Fort Wayne, the property is located just off US Hwy 30, which sees 27,300 VPD at the intersection
- ±4 years of lease commitment remaining – over $1,100,000 in guaranteed rent over that period
- Highly visible location with strong retail synergy, located near multiple retailers including ALDI, Starbucks, CVS, and a Walmart Supercenter
- General Business Zoning (GB), which allows for a multitude of different uses with very few restrictions
Executive Summary
Kyle Matthews
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2004
Price
$2,800,000
Price Per SF
$188.93
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.47 AC
Zoning
GB
Parking
33 Spaces (2.23 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
-
$9.99
-
Lorem Ipsum
- -
T-Mobile began in 1994 as VoiceStream Wireless and later adopted the T-Mobile name after Deutsche Telekom acquired the business. The company provides wireless communications and broadband services, and its business also includes mobile devices, accessories, and expanding fiber-related offerings. T-Mobile maintains a focus on 5G, network capabilities, the mobile web, and the Internet of Things, while the company has achieved continued customer growth across wireless and broadband. T-Mobile also markets services under Metro by T-Mobile, which broadens its presence across consumer wireless segments.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | $9.99 | Lorem Ipsum | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 14,820 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 14,820 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 14,820 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 92-06-03-000-240.000-004 | Improvements Assessment | $1,243,300 |
| Land Assessment | $70,600 | Total Assessment | $1,313,900 |
Property Taxes
Parcel Number
92-06-03-000-240.000-004
Land Assessment
$70,600
Improvements Assessment
$1,243,300
Total Assessment
$1,313,900
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Dark Walgreens | 535 N Line St