1207 S Heaton St - Drug Store FOR SALE


Knox, IN 46534
$2,889,000 USD
949-698-1105
1207 S Heaton St, Knox, IN for Sale
$2,889,000 USD
Drug Store - FOR SALE
1/9
null | 9.5% Cap Rate

1207 S Heaton St
Knox, IN 46534


HIGHLIGHTS

  • Corporate Guaranteed | Options To Extend | Well Known & Established Brand | Long Term Tenancy
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Outparcel To Grocery-Anchored Center (1.9M+ Annual Visits) | Excellent Visibility & Access | Limited Competition
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed Walgreens investment property located in Knox, Indiana. The tenant, Walgreen Co., has approximately 6 years remaining on its lease with 10 (5-year) options to extend. The lease is NNN with limited landlord responsibilities to roof, structure, and exterior utilities, making it an ideal, low management investment opportunity for a passive investor. Walgreens serves a crucial role as an independent partner of choice offering healthcare services that improve care, lower costs, and help patients. Operating nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily. Walgreens’ parent company, Walgreens Boots Alliance (WBA), recently announced an agreement to be acquired by a Sycamore Partners-affiliated entity for up to $23.7 billion, with the intention of strengthening the brand’s position as a top provider of pharmacy, retail, and health services throughout the country.

FOR SALE DETAILS

PRICE

$2,889,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 6yrs Remain Corp NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

C-2

APN/PARCEL ID

75-06-27-202-005.000-004

ASK ABOUT THIS PROPERTY

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949-698-1105

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Winston GuestSRS National Net LeaseMore Info
949-698-1105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.