5995 US-6, Portage, IN 46368

Marcus & Millichap is pleased to present the Walgreens located at 5995 U.S. Route 6 in Portage, Indiana. This 13,838-square-foot, build-to-suit pharmacy was constructed in 1999 and occupies a 3.0-acre parcel. The property includes a drive-thru and is positioned at a signalized intersection at U.S. Route 6 and Willowcreek Road, offering excellent visibility with traffic counts of approximately 40,000 vehicles per day. In addition to traditional pharmacy offerings, this location is licensed to sell liquor, further enhancing its customer draw and in-store traffic. The double-net lease includes approximately three years remaining and six (6) five-year renewal options. Landlord responsibilities are limited to the roof and structural components, offering a low-maintenance investment profile.

Walgreens Boots Alliance (NASDAQ: WBA) is an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities. A trusted, global innovator in retail pharmacy, WBA operates more than 12,500 locations across the U.S., Europe, and Latin America, playing a critical role in the healthcare ecosystem.

The subject property is located seconds from Porter Health Care System’s Portage Campus, a 301-bed hospital that generates strong daily traffic and enhances the site’s regional accessibility. Situated within a densely populated and stable trade area, the property benefits from a population of over 264,000 residents within a 10-mile radius and average household incomes exceeding $91,000. It is also located in close proximity to Portage High School, Crisman Elementary, and Willowcreek Middle School, and just 11 miles from Valparaiso University—further elevating its visibility to families, students, and local residents.

This Walgreens sits within a robust retail corridor encompassing more than 6.1 million square feet of retail within a five-mile radius. Surrounded by national retailers such as Walmart, Meijer, Menards, ALDI, and Kohl’s, the site also offers immediate access to the Interstate-90/80/94 interchange, supporting steady vehicle traffic and enhancing long-term consumer exposure.

The surrounding area is undergoing significant commercial and residential growth. One of the cornerstone developments is The Landing at Portage, a 40-acre mixed-use project at the southeast corner of U.S. Route 6 and Airport Road. This development features up to 330,000 square feet of commercial space, including a proposed Target, restaurants, and 13 acres of outparcels for ground lease or build-to-suit. It benefits from two signalized intersections, exceptional visibility, and a projected investment value between $75 million and $100 million, with future potential multifamily housing.

Swanson Trails, located at the northwest corner of Swanson Road and County Road 700 North, is a separate 80-acre residential subdivision developed by Lennar Homes. This community will deliver 225 single-family homes, over 26 acres of preserved green space, walking trails, and a public park with a fitness court. Just east of Swanson Trails are Preston Trails and Brookside, additional Lennar communities offering modern, low-maintenance single-family homes—each responding to strong regional housing demand.

This offering provides investors with the opportunity to acquire a high-visibility, nationally tenanted asset in a thriving retail corridor with long-term lease stability, limited landlord responsibilities, and strong underlying market fundamentals.