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

939 characters remaining

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

Your email has been sent.

True NNN Lease- Proven Site Walgreens 14,729 SF Retail Building Richmond, IN 47374 $5,050,000 ($342.86/SF) 6.93% 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

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 Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Richmond, IN. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate guaranteed lease has 6.9 firm lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent.
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

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,729 SF

Building Class

Year Built

2006

Price

$5,050,000

Price Per SF

$342.86

Cap Rate

6.93%

NOI

$350,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.17

Lot Size

1.94 AC

Zoning

ZO01

Retailer
-
$9.99
Lorem Ipsum
Jan 0000

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.