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True NNN Lease- Proven Site Walgreens 14,729 SF Retail Building Richmond, IN 47374 $5,050,000 ($342.86/SF) 6.93% Cap Rate
INVESTMENT HIGHLIGHTS
- Single Tenant Absolute NNN Leased Walgreens – Corporate Guarantee – Richmond, IN
- Absolute Net Lease – 6.9 Firm Lease Years Remaining - No Landlord Responsibilities
- Positioned on Hard Corner Signalized Intersection of E Main St
- One of the Largest Drugstore Chains in the United States
- 75 Year Primary Term – Option to Termination Beginning in 2031
- 14,729 SF Building with Drive-Thru on Large 1.94 Acre Parcel
EXECUTIVE SUMMARY
The 14,729 SF standalone building with drive-thru on large 1.94-acre parcel is strategically positioned on the hard corner signalized intersection of E Main Street (Hwy 40) and 37th Street which have a combined traffic count exceeding 32,200 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, Menards Home Improvement, Tractor Supply Co., DICK’S Sporting Goods, Kohl’s, Hobby Lobby, ALDI, Kroger, Starbucks and Chipotle.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- -
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$9.99
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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.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 89-16-35-000-301.001-030 | Improvements Assessment | $2,060,100 |
| Land Assessment | $290,300 | Total Assessment | $2,350,400 |
PROPERTY TAXES
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True NNN Lease- Proven Site | Walgreens
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