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3500 Central Ave
Lake Station, IN 46405

Walgreens NNN Strong Sales · Retail Property For Sale

Investment Highlights

  • WALGREENS (S & P BBB) Corporate Guaranteed and NNN Lease (No Landlord Responsibilities)
  • Hard Corner Signalized Intersection with 29,212 Vehicles Per Day
  • Dense Demographics 100,568 People Located within 5 mile Radius
  • Strong and Steady Sales Providing for High Renewal Probability at end of lease
  • Located a Quarter Mile from Interstate 94 Exit to Ripley Street (83,700 Vehicles Per Day)
  • Walking Distance (4 Minutes from) Thomas Edison Senior High School (600 plus Students)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.75 AC
Parking
86 Spaces (5.94 Spaces per 1,000 SF Leased)
Frontage
225 FT on Adam Benjamin Hwy

About 3500 Central Ave , Lake Station, IN 46405

This Walgreens is a four minute walk from Thomas Edison Senior High School (over 600 Students) and very close to Virgil Bailey Elementary and Carl J. Polk Elementary Schools. Lake Station, Indiana is located 30 miles from Chicago and has a very dense population of 100,568 people. Walgreens (NYSE:WBA) is a publicly traded company with an S & P Credit Rating of BBB and is ranked #17 in the Fortune 500 (2019). Some financial highlights include 2018 Revenues of $131,537 Billion and 2018 Net Profits of $5.024 Billion. Walgreens Co.operates over 8,200 stores in all 50 States, the District of Columbia and Guam. The company also operates worksite health centers, home care facilities and specialty and mail service pharmacies. Broker of Record:Josh Caruana | Marcus & Millichap REIS | License: RB14034355

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
45-09-16-151-005.000-021
Land Assessment
$930,400
Improvements Assessment
$1,604,400
Total Assessment
$2,534,800
  • Listing ID: 19301642

  • Date on Market: 4/22/2020

  • Last Updated:

  • Address: 3500 Central Ave, Lake Station, IN 46405

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