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Walgreens Absolute NNN Lease 330 W State Blvd

14,405 SF Retail Building Fort Wayne, IN 46808 $4,468,235 ($310/SF) 8.50% Cap Rate

Drug Stores Indiana Fort Wayne 330 W State Blvd, Fort Wayne, IN 46808

Investment Highlights

  • Absolute NNN Lease
  • Seller will Provide 50% LTV Financing
  • Desirable Demographics - 188,000 Residents within a 5-Mile Radius
  • Corporate Guarantee - NASDAQ:WBA
  • $2,052,690 in Reported Annual Sales
  • 1.5 Miles to Downtown Fort Wayne

Executive Summary

The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Fort Wayne, Indiana. The absolute NNN
lease is corporately guaranteed by Walgreens and expires in October 2032
with ten, 5-year renewal options. This Walgreens is located on a hard corner
with exposure to 17,513 vehicles per day and 1.5 miles to downtown Fort
Wayne. The site borders various businesses in the area and neighbors
retailers including Burger King, Arby's, Dairy Queen, Kroger, Dollar Tree, Pizza
Hut and more.

Attachments

Walgreens - Fort Wayne, IN

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,405 SF
Building Class
B
Year Built
2002
Price
$4,468,235
Price Per SF
$310
Cap Rate
8.50%
NOI
$379,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.60 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
IN-2 - Industrial
Parking
65 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
234 FT on West State Boulevard

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru
1 of 1
330 W State Blvd, Fort Wayne, IN - aerial map view

Nearby Major Retailers

Chase Bank
Rent-A-Center
Kroger
Hall's Restaurants

PROPERTY TAXES

Parcel Number 02-07-35-185-023.000-074 Improvements Assessment $1,038,500
Land Assessment $484,700 Total Assessment $1,523,200

PROPERTY TAXES

Parcel Number
02-07-35-185-023.000-074
Land Assessment
$484,700
Improvements Assessment
$1,038,500
Total Assessment
$1,523,200
(925) 348-1844

Contact

  • Listing ID: 33433987

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 330 W State Blvd, Fort Wayne, IN 46808

More public record information on 330 W State Blvd, Fort Wayne, IN 46808

The Retail Property at 330 W State Blvd, Fort Wayne, IN 46808 is currently available for sale. Contact The Kase Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Walgreens Absolute NNN Lease | 330 W State Blvd
(925) 348-1844 x

Walgreens Absolute NNN Lease | 330 W State Blvd

Kase Abusharkh

(925) 348-1844

(925) 348-1844

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