www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27866331
27866332

2800 Old US Highway 231 S, Lafayette, IN 47909

SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
PK
IL IL:475.208946
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group
$3,290,000
221 days on market
Updated 53 days ago

Absolute NNN Walgreens | Lafayette, IN

Details
APN 79-07-31-479-012.000-005
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Net Rentable (SqFt) 14,820
Units 1
Cap Rate 10%
NOI $329,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 01/30/2033
Remaining Term 6.7
Rent Bumps No
Lease Options None
Price per SqFt $222
Broker Co-Op Yes
Year Built 2008
Buildings 1
Stories 1
Acreage 2.180
Investment Type Net Lease
Lease Commencement 01/27/2008
Occupancy Date 01/27/2008
Ground Lease No
Ownership Fee Simple

7 Years of Term Remaining | Situated at a Signalized Intersection

Marketing description

This corporately guaranteed Walgreens investment offers a stable, long-term opportunity with 7 years remaining on an absolute NNN lease, meaning no landlord responsibilities. The tenant has operated at this high-visibility, signalized intersection since 2008, benefiting from strong traffic counts and limited competition. It’s the only Walgreens within a 2-mile radius, with none for over 10 miles to the south and west. It offers a prime location near Purdue University and major employers like Subaru’s U.S. auto plant. The site is surrounded by dense residential communities and a growing population, making it a compelling choice for investors seeking reliable income and strong market fundamentals.

Investment highlights

  • Absolute NNN Walgreens with 7 Years of Term Remaining | Corporate Guarantee

  • Tenant has been Operating at this Location Since 2008

  • Situated at a Signalized Intersection | Heavily Traveled Area

  • Limited Competition | Only Walgreens Location within a 2-Mile Radius

  • From 2010-2020, the Population Grew 5.26% and is Expected to Grow Another 4.31% by 2029 within a One-Mile Radius

Listing Contacts

SS
IL 471.010712
Marcus & Millichap SWM Group
AW
IL 475.140200
Marcus & Millichap SWM Group
PK
IL IL:475.208946
Marcus & Millichap SWM Group
Listed by Marcus & Millichap SWM Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$329,000.00
$27,416.67/mo

Valuation Metrics

0
DSCR
10%
Cap Rate
10%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Julie Evinger
License
IN RB14040143
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591