Walgreens | Fills Void to East | Indianapolis, IN
ABSOLUTE NNN WITH CORPORATE GUARANTEE | WELL PLACED WALGREENS WITH LIMITED COMPETITION
Marketing description
This high-performing Walgreens investment opportunity offers an absolute triple-net (NNN) lease with a corporate guarantee, six years remaining, and 10 additional 5-year renewal options. The store is among the top 18% of Walgreens locations locally by visits, filling a competitive void in the market, with the nearest Walgreens located 3 miles away. The property is situated on a large-acre lot with ample parking, benefiting from strong demand due to a significant lack of pharmacies in the surrounding areas. Located at a high-traffic hard-corner site, the property benefits from proximity to Interstate 65, downtown Indianapolis, and key demand drivers such as Franciscan Health and local schools. The market is growing, with over 15% population growth from 2010-2020 and expected future growth of 2.4-2.69% by 2028, paired with an average household income of $109,553 within a 1-mile radius.
Investment highlights
Absolute triple-net (NNN) lease with a corporate guarantee with 6 years of term remaining.
Among the top 18% of Walgreens locations locally by visits (per Placer.ai).
Fills a competitive void for Walgreens and other pharmacies. Significant lack of pharmacies to the south and east—the closest is 21 miles southeast and over 35 miles east.
Hard-corner site at Southport Rd & Shelbyville Rd with 39,588 VPD (vehicles per day).
Sits on the gateway to a dense residential pocket.
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