3700 National Rd E - Drug Store FOR SALE


Richmond, IN 47374
$4,000,000 USD
858-414-8051
3700 National Rd E, Richmond, IN for Sale
$4,000,000 USD
Drug Store - FOR SALE
1/3
null | 8.75% Cap Rate

3700 National Rd E
Richmond, IN 47374


HIGHLIGHTS

  • Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
  • Situated on US-40 / National Road E with estimated 30,000+ vehicles per day.
  • No other Walgreens within 12.4 miles; no CVS within 3 miles.
  • 1.9 million sq. ft. of retail within 1 mile (Walmart, Menards, ALDI, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy).
  • Large 1.94-acre site providing strong visibility and access.

OVERVIEW

We are pleased to market for sale the Walgreens located at 3700 National Road East in Richmond, Indiana 47374 (the “Property”). The Property is leased on an absolute triple net basis with no landlord responsibilities. The Property consists of approximately 14,729 square feet on a 1.94-acre parcel. It is located along US-40 / National Road East, a primary east-west commercial corridor in Richmond with traffic counts exceeding approximately 30,000 vehicles per day. The immediate trade area includes approximately 1.9 million square feet of retail within one mile, anchored by major national and regional tenants including Walmart, Menards, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy. Richmond serves as a regional retail hub for Wayne County and surrounding rural communities in both Indiana and western Ohio, supporting consistent cross-market consumer traffic. There is limited direct pharmacy competition in the immediate area, with no other Walgreens locations within approximately 12.4 miles. Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Indiana Walgreens |Abs NNN | Limited Comp.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

ZO01

APN/PARCEL ID

89-16-35-000-301.001-030

ASK ABOUT THIS PROPERTY

Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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