124 E North St - Drug Store FOR SALE


Kendallville, IN 46755
$3,437,838 USD
630-570-2169
124 E North St, Kendallville, IN for Sale
$3,437,838 USD
Drug Store - FOR SALE
1/11
null | 9.25% Cap Rate

124 E North St
Kendallville, IN 46755


HIGHLIGHTS

  • Absolute NNN Walgreens with 7.5 years of term remaining | Corporate guarantee
  • Tenant has been operating at this location since 2008 and has 7.5 years of term remaining
  • Limited competition | Only Walgreens location within a 10+ mile radius
  • Nearly 130ft of frontage along E North St which sees 18,192 vehicles per day
  • Situated across the street from Cornerstone Plaza which ranks in the top 20% of strip center in Indiana by visits (Placer.ai)

OVERVIEW

This Walgreens investment features a corporate-guaranteed absolute NNN lease with 7.5 years remaining, offering complete passivity and long-term stability. The tenant has operated at this high-traffic location since 2008 and faces no nearby competition, with the nearest Walgreens over 10 miles away. Positioned along E North Street with strong visibility and over 18,000 vehicles per day, the site benefits from nearby retail drivers like Cornerstone Plaza and Publix Village Square, which attract nearly 2 million annual visitors. With a five-mile average household income of $80,851, this property combines reliability, strong demographics, and minimal competition.

FOR SALE DETAILS

PRICE

$3,437,838 USD

PRICE/SF

$232 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

79,933 SF

ZONING

C-1B

APN/PARCEL ID

570733440016000020

ASK ABOUT THIS PROPERTY

Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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Austin WeisenbeckSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2169

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