535 N Line St - Drug Store FOR SALE
Columbia City, IN 46725 |
$2,800,000 USD
949-777-5984
535 N Line St
Columbia City, IN 46725
HIGHLIGHTS
- Seller engaged with the tenant in lease buyout discussions. Please contact broker for details.
- ±4 years of lease commitment remaining – over $1,100,000 in guaranteed rent over that period
- ±14,820 SF building on a large ±1.47-acre lot. The property benefits from a dedicated drive-thru lane and pylon signage
- Highly visible location with strong retail synergy, located near multiple retailers including ALDI, Starbucks, CVS, and a Walmart Supercenter
- About 30 minutes from Fort Wayne, the property is located just off US Hwy 30, which sees 27,300 VPD at the intersection
- General Business Zoning (GB), which allows for a multitude of different uses with very few restrictions
FOR SALE DETAILS
PRICE
$2,800,000 USD
PRICE/SF
$189 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dark Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
1.47 AC
LAND SF
64,033 SF
ZONING
GB
APN/PARCEL ID
92-06-03-000-240.000-004
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949-777-5984
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949-777-5984
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