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.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
