Walgreens | 6yrs Remain Corp NN | 1207 S Heaton St
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Walgreens | 6yrs Remain Corp NN 1207 S Heaton St
14,259 SF Retail Building Knox, IN 46534 $3,431,000 ($241/SF) 8% Cap Rate
Investment Highlights
- Corporate Guaranteed | Options To Extend | Well Known & Established Brand | Long Term Tenancy
- Outparcel To Grocery-Anchored Center (1.9M+ Annual Visits) | Excellent Visibility & Access | Limited Competition
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed Walgreens investment property located in Knox, Indiana. The tenant, Walgreen Co., has 6 years remaining on its lease with 10 (5-year) options to extend. The lease
is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Walgreens serves a crucial role as an independent partner of choice offering healthcare services that improve care, lower costs, and help patients. Operating nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily.
is NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor. Walgreens serves a crucial role as an independent partner of choice offering healthcare services that improve care, lower costs, and help patients. Operating nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,259 SF
Building Class
C
Year Built
2005
Price
$3,431,000
Price Per SF
$241
Cap Rate
8%
NOI
$274,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.04 AC
Zoning
C-2 - General Commercial
Parking
62 Spaces (4.35 Spaces per 1,000 SF Leased)
Frontage
276 FT on S Heaton St
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 75-06-27-202-005.000-004 | Improvements Assessment | $702,200 |
| Land Assessment | $226,000 | Total Assessment | $928,200 |
PROPERTY TAXES
Parcel Number
75-06-27-202-005.000-004
Land Assessment
$226,000
Improvements Assessment
$702,200
Total Assessment
$928,200
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Walgreens | 6yrs Remain Corp NN | 1207 S Heaton St
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