Listed by Marcus & Millichap SWM Group
$2,990,909
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 11%
NOI $329,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 75.1
Lease Expiration 01/30/2083
Remaining Term 56.6
Rent Bumps No
Lease Options None
Price per SqFt $202
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
Long-Term Lease | Situated at a Signalized Intersection
Marketing description
This corporately guaranteed Walgreens investment offers a stable, long-term opportunity with 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 | 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
Listed by Marcus & Millichap SWM Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$329,000.00
$27,416.67/mo
Valuation Metrics
0
DSCR
11%
Cap Rate
11%
ROI
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