Listed by FC Tucker/Bloomington, REALTORS
$2,700,000
Walgreens with Absolute Net Lease For Sale
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,525
Net Rentable (SqFt) 14,525
Units 1
Cap Rate 11.43%
NOI $308,750
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Price per SqFt $186
Class B
Year Built 2003
Buildings 1
Stories 1
Acreage 2.130
Zoning General Business
Parking Spaces spaces
Investment Type Net Lease
Retail | 11.43% CAP | 14,525 SF
Marketing description
F. C. Tucker, Cockerham Commercial is pleased to exclusively offer For Sale the 14,525 SF Walgreens located at 1900 S Ohio Street in Martinsville, IN. Current lease is an Absolute Net with an Expiration date September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. Property is located directly off HWY I-69. 20 minutes north to Indianapolis and 20 minutes south to Bloomington. NOTE-Former address was 1900 S Ohio St. Martinsville, IN
Listing Contacts
Listed by FC Tucker/Bloomington, REALTORS
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$308,750.00
$25,729.17/mo
Valuation Metrics
0
DSCR
11.44%
Cap Rate
11.44%
ROI
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