742 W Old Ridge Rd | Hobart, IN 46342
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742 W Old Ridge Rd
Hobart, IN 46342
Retail Property For Sale
Investment Highlights
- Hard-Signalized Corner Location: Subject property sits on a hard-signalized corner at the intersection of W Old Ridge Rd & N Wisconsin St
- Essential Retailer: Drugstores are considered essential retailers and have continued to provide valuable goods and services throughout the pandemic
- Solid Store Performance: Tenant reported growing store performance year-over-year for the past 3 three years (Inquire with Broker for details)
- Credit Tenant: Walgreens Co. (NASDAQ: “WBA”) guarantees the lease with a $37B market capitalization
- Recent Renovations: The property’s roof and parking lot were recently re-coated and re-surfaced in 2020, and include a roof warranty until 2030
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.57 AC
Zoning
R33
Parking
76 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 45-09-30-402-039.000-018 | Improvements Assessment | $1,695,800 |
| Land Assessment | $670,000 | Total Assessment | $2,365,800 |
PROPERTY TAXES
Parcel Number
45-09-30-402-039.000-018
Land Assessment
$670,000
Improvements Assessment
$1,695,800
Total Assessment
$2,365,800
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