Walgreens
Retail | 8.00% CAP | 14,490 SqFt
Marketing description
Walgreens operates under an absolute NNN lease with more than two years of lease term remaining, offering a passive investment with zero landlord responsibilities and long-term lease flexibility. Walgreens has occupied the Property since 2002, reflecting more than 20 years of continuous operation. Located within a densely built-out retail corridor, the Property is anchored by high-performing national retailers and positioned near the redeveloped Glendale Town Center and The Fashion Mall at Keystone. This dynamic retail environment enhances Walgreens’ visibility and positions the Property within one of Indianapolis’s most active commercial zones drawing in consistent consumer traffic from both value-driven and upscale shoppers.
Investment highlights
Long-Term Occupancy Reinforced by Newly Exercised Lease Extension
Operated by Walgreens since 2002 (20+ years). Absolute NNN lease with zero landlord responsibilities.
Established Retail Corridor Anchored by Major National Tenants
Adjacent to Glendale Town Center and surrounded by Walmart, Target, Lowe's, Marshalls, and more.
Affluent Trade Area with Strong Income Growth
Avg. household income (1-mile): $110,359. Projected to grow 3.54% annually through 2029.
Hard Corner Location with Excellent Access and Visibility
Intersection of N. Keystone Ave & E. 62nd St. 61,000+ combined VPD with direct access on both roads.
Modern Building on a Spacious Parcel
14,490 SF with drive-thru on 2.66-acre site. Ample parking and future site adaptability.
Active Retail and Residential Development Signaling Long-Term Demand
Panda Express planned directly east of site & $22M 37 Keystone project approved nearby.
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