This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walgreens Limited Competition 7.99% CAP Rate 512 Green Blvd
15,212 SF Retail Building Aurora, IN 47001 $4,900,000 ($322/SF) 7.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Six (6) Years Remaining on Original 25-year Term with an Absolute Net Lease – Zero Landlord Responsibilities
- Opportunity for Positive Leverage - 8.00% Cash on Cash Return Potential
- Located Near Signalized Intersection of Sunnyside Avenue and Green Blvd (US-50 Hwy) with over 73,000 Cars Per Day
- Corporate Guarantee Lease with 10 x 5-year Options for Maximum Term Through 2081
- No Internal Competition Within the Western Half of a 40-Mile Radius of the Site – Ohio River Adjacent
- Strong Area Demographics-Population of 58,958 People within a 10-Mile Radius with Average Household income of $101,042 Annually
EXECUTIVE SUMMARY
This particular location enhances its offerings with a FedEx drop-off service, a full-service pharmacy with drive-thru, and one-hour photo services, providing additional customer value and aiding in consistent foot traffic. Also, it is important to note that in the western half of a 40-Mile radius there is no internal Walgreens competition and this particular site serves a community that needs this Walgreens. (see Placer.ai map).
The property benefits from a strong and growing demographic base, with nearly 65,000 residents within a 10-mile radius and an impressive average household income of $101,042. The area has experienced steady population and income growth over the past five years, further enhancing the site's investment potential. Coupled with an –absolute net lease structure that eliminates landlord responsibilities, this property offers a truly passive income opportunity for investors seeking stability and long-term returns.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 15,212 SF
- $25.74
- Triple Net
- Aug 2031
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 15,212 SF | $25.74 | Triple Net | Aug 2031 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-07-29-401-063.000-003 | Improvements Assessment | $684,000 |
| Land Assessment | $527,400 | Total Assessment | $1,211,400 |
PROPERTY TAXES
Presented by
Walgreens Limited Competition 7.99% CAP Rate | 512 Green Blvd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.