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2012 N Wayne Street - Angola Square - Walgreens, Angola, IN

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2012 N Wayne Street - Angola Square - Walgreens

Angola, IN 46703

(3.8 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2004
Building Size:14,000 SF Land Area:2.03 AC (88,427 SF)
For Sale Price:$5,258,333 Price/SF:$375.60
Cap Rate:6.00 %
Anchor Tenants:Walgreens

Sale Notes:
Walgreens Boots Alliance Credit Strength
The subject property is currently leased to Walgreens (S&P: BBB). With over 8,200 locations, Walgreens is considered to be one of the most stable companies in the world.
Absolute NNN Lease
This property is on an absolute NNN lease with zero landlord responsibilities. This is unique and appealing as much of the current inventory in the market includes NN leases with landlord responsibilities for roof and structure.
Remaining Lease Term
With 14+ years of initial lease term remaining, this Walgreens has mass appeal to the investment community as a long term leased “bond-like” investment. In addition to the initial term there are ten option periods that provide the potential to extend the lease as much as 50 years.
Positive Site Attributes
With multiple points of ingress/egress, this property is located on a four lane highway next to a busy Walmart Supercenter. In addition, this location features a drive thru for convenient pharmacy access.

Stan Johnson Company
Tyler Molleson
(404) 823-6360

Jason Powell
(404) 823-6360

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