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31273263
31273264

110 W Market St, Crawfordsville, IN 47933

JP
CA 01918332
Pharma Property Group
CB
CA CA 02018350
Pharma Property Group
Listed by Pharma Property Group
$4,166,666
74 days on market
Updated 74 days ago
Opportunity zone

Indiana Walgreens | Abs NNN | Next Walgreens 23 Miles Away

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,259
Cap Rate 9%
NOI $375,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 12/31/2029
Remaining Term 3.6
Lease Options 10 (5-Year)
Price per SqFt $292
Broker Co-Op Yes
Year Built 2004
Acreage 1.290
Investment Type Net Lease

Retail | 9.00% CAP | 14,259 SqFt

Marketing description

Listed in conjunction with Brian Brockman, Bang Realty - Inc, 513-898-1551, [email protected], IN DRE Lic. RB14037939.

Investment highlights

  • The lease is on an absolute net basis with 3.75 years of primary lease term remaining, ten (5-year) options and no landlord responsibilities whatsoever.

  • This Walgreens is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens. These are the only two national brand drugstores in Crawfordsville.

  • The property is located in the heart of Crawfordsville at the main intersecting roads in the city, North Washington Street and West Market Street with a combined traffic count of approximately 30,000 vehicles per day.

  • Two miles south of Franciscan Health Crawfordsville (103 beds) and Wellbrooke Senior Living.

Listing Contacts

JP
CA 01918332
Pharma Property Group
CB
CA CA 02018350
Pharma Property Group
Listed by Pharma Property Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$375,000.00
$31,250.00/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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