Walgreens (Dollar Tree Sublease) | 1010 E State Road 44
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Walgreens (Dollar Tree Sublease) 1010 E State Road 44
14,820 SF Retail Building Shelbyville, IN 46176 $2,999,500 ($202/SF) 10.27% Cap Rate
Investment Highlights
- Absolute NNN Lease Structure - Tenant Pays all Taxes, Insurance and Common Area Maintenance as well as All Building Repairs
- Offered at an Attractive "Day 1" CAP Rate with Strong Returns
- The Property has been Subleased to Dollar Tree - Strong Indication of Success at the Location
- A True "Mailbox Management" Asset - Zero Landlord Responsibilities
- Lease Guaranteed by Walgreen Co. with an Expiration in 2031 - 7 Years Remaining
- 2006 High Quality Class A Construction - 14,794 Square Foot Building - Drive Thru Equipped
Executive Summary
Absolute NNN Lease Structure - Tenant Pays all Taxes, Insurance and Common Area Maintenance as well as All Building Repairs
A True "Mailbox Management" Asset - Zero Landlord Responsibilities
Offered at an Attractive "Day 1" CAP Rate with Strong Returns
Lease Guaranteed by Walgreen Co. with an Expiration in 2031 - 6+ Years Remaining
The Property has been Subleased to Dollar Tree - Strong Indication of Success at the Location
2006 High Quality Class A Construction - 14,794 Square Foot Building - Drive Thru Equipped
3.57 Acres of Land - Oversized Parcel Offers Strong Development Possibilities in the Future
Excellent Frontage and Visibility on Indiana R 44 - Multiple Points of Ingress & Egress and Excellent Signage
In the Heart of Shelbyville's Main Commercial Corridor and Within Minutes of I-74
In Close Proximity to Numerous National Tenants - the "Who's Who" of Retail - Including Wendy's, Walmart, ALDI, Starbucks, Rural King, Applebee's, Taco Bell and Many More
Located in the Indianapolis MSA - a 30 Minute Drive from Downtown Indianapolis and within a 5 Minute Drive of Downtown Shelbyville
A True "Mailbox Management" Asset - Zero Landlord Responsibilities
Offered at an Attractive "Day 1" CAP Rate with Strong Returns
Lease Guaranteed by Walgreen Co. with an Expiration in 2031 - 6+ Years Remaining
The Property has been Subleased to Dollar Tree - Strong Indication of Success at the Location
2006 High Quality Class A Construction - 14,794 Square Foot Building - Drive Thru Equipped
3.57 Acres of Land - Oversized Parcel Offers Strong Development Possibilities in the Future
Excellent Frontage and Visibility on Indiana R 44 - Multiple Points of Ingress & Egress and Excellent Signage
In the Heart of Shelbyville's Main Commercial Corridor and Within Minutes of I-74
In Close Proximity to Numerous National Tenants - the "Who's Who" of Retail - Including Wendy's, Walmart, ALDI, Starbucks, Rural King, Applebee's, Taco Bell and Many More
Located in the Indianapolis MSA - a 30 Minute Drive from Downtown Indianapolis and within a 5 Minute Drive of Downtown Shelbyville
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,820 SF
Building Class
B
Year Built
2006
Price
$2,999,500
Price Per SF
$202
Cap Rate
10.27%
NOI
$308,016
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
3.57 AC
Parking
75 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
154 FT on Amos Rd
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 73-11-04-100-154.000-002 | Improvements Assessment | $1,327,400 |
| Land Assessment | $494,200 | Total Assessment | $1,821,600 |
PROPERTY TAXES
Parcel Number
73-11-04-100-154.000-002
Land Assessment
$494,200
Improvements Assessment
$1,327,400
Total Assessment
$1,821,600
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Power Broker Deno Bistolarides -
Sal Yaldo -
Ayson Shammami -
Encore Real Estate Investment Services
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Walgreens (Dollar Tree Sublease) | 1010 E State Road 44
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