Absolute NNN | Limited Competition | Strong Retail Corridor
Retail | 8.75% CAP | 14,729 SqFt
Marketing description
We are pleased to market for sale the Walgreens located at 3700 National Road East in Richmond, Indiana 47374 (the “Property”). The Property is leased on an absolute triple net basis with no landlord responsibilities.
The Property consists of approximately 14,729 square feet on a 1.94-acre parcel. It is located along US-40 / National Road East, a primary east-west commercial corridor in Richmond with traffic counts exceeding approximately 30,000 vehicles per day.
The immediate trade area includes approximately 1.9 million square feet of retail within one mile, anchored by major national and regional tenants including Walmart, Menards, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy. Richmond serves as a regional retail hub for Wayne County and surrounding rural communities in both Indiana and western Ohio, supporting consistent cross-market consumer traffic.
There is limited direct pharmacy competition in the immediate area, with no other Walgreens locations within approximately 12.4 miles.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, [email protected], IN DRE Lic. RB14037939.
Investment highlights
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- Situated on US-40 / National Road E with estimated 30,000+ vehicles per day.
- No other Walgreens within 12.4 miles; no CVS within 3 miles.
- Approximately 1.9 million sq. ft. of retail within 1 mile, including Walmart, Menards, ALDI, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy.
- Large 1.94-acre site providing strong visibility and access.
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