2800 Us Highway 231 S - Drug Store FOR SALE


Lafayette, IN 47909
$3,556,757 USD
630-570-2169
2800 Us Highway 231 S, Lafayette, IN for Sale
$3,556,757 USD
Drug Store - FOR SALE
1/10
null | 9.25% Cap Rate

2800 Us Highway 231 S
Lafayette, IN 47909


HIGHLIGHTS

  • Absolute NNN Walgreens with 7.5 Years of Term Remaining | Corporate Guarantee
  • Tenant has been Operating at this Location Since 2008
  • Situated at a Signalized Intersection | Heavily Traveled Area
  • Limited Competition | Only Walgreens Location within a 2-Mile Radius
  • From 2010-2020, the Population Grew 5.26% and is Expected to Grow Another 4.31% by 2029 within a One-Mile Radius

OVERVIEW

This corporately guaranteed Walgreens investment offers a stable, long-term opportunity with 7.5 years remaining on an absolute NNN lease, meaning no landlord responsibilities. The tenant has operated at this high-visibility, signalized intersection since 2008, benefiting from strong traffic counts and limited competition. It’s the only Walgreens within a 2-mile radius, with none for over 10 miles to the south and west. It offers a prime location near Purdue University and major employers like Subaru’s U.S. auto plant. The site is surrounded by dense residential communities and a growing population, making it a compelling choice for investors seeking reliable income and strong market fundamentals.

FOR SALE DETAILS

PRICE

$3,556,757 USD

PRICE/SF

$240 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

80

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,150 SF

ZONING

Commercial

APN/PARCEL ID

79-07-31-479-012.000-005

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.