100 N Memorial Dr | New Castle, IN 47362
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100 N Memorial Dr
New Castle, IN 47362
Walgreens | Indiana | Rent Increases | $8.2M · Retail Property For Sale
Investment Highlights
- EXTENDED LEASE WITH 5% INCREASES - This lease has 13 yrs w 13 (5-yr) options & allows for 5% rent increases in yr 4 & 9 of the initial term & options.
- LIMITED DRUGSTORE COMPETITION - The only Walgreens in New Castle with the next closest Walgreens over 17 mi N in Muncie, IN.
- LOCATED ON MAIN RETAIL CORRIDOR - Located along N Memorial Dr surrounded by 524K SF retail space, including ALDI, Kroger, Ace Hardware & Dollar Tree.
- HISTORY OF SOLID SALES – Over a 10-yr operating history w solid sales. Medication compounding is offered at this site as well as liquor, beer & wine.
- NEAR HENRY COMMUNITY HEALTH HOSPITAL - Henry Community Health Hospital is located 1.7 mi NE of the property w 90 beds and ±400 employees.
- TRAFFIC COUNTS OF 33K+ VPD – Located on the NE corner of N Memorial (±18,273 VPD) & Broad St (±15,099 VPD), a combined traffic count of ±33,372 vpd.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,616 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.13 AC
Parking
51 Spaces
Frontage
202 FT on N Memorial Dr
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 33-12-10-330-119.000-016 | Improvements Assessment | $1,200,000 |
| Land Assessment | $700,000 | Total Assessment | $1,900,000 |
PROPERTY TAXES
Parcel Number
33-12-10-330-119.000-016
Land Assessment
$700,000
Improvements Assessment
$1,200,000
Total Assessment
$1,900,000
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