Listed by Matthews
$2,800,000
Dark Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 10.36%
NOI $290,000
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 06/30/2030
Price per SqFt $189
Year Built 2004
Acreage 1.470
Zoning General Business
Parking Spaces 33 spaces
Parking Per SqFt 2.23
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Dark Walgreens | 10.36% CAP | 14,820 SqFt
Investment highlights
- Seller engaged with the tenant in lease buyout discussions. Please contact broker for details.
- ±4 years of lease commitment remaining – over $1,100,000 in guaranteed rent over that period. This deal offers a very favorable yield while the purchaser establishes a re-tenanting or redevelopment plan.
- ±14,820 SF building on a large ±1.47-acre lot. The property benefits from a dedicated drive-thru lane, pylon signage, and ±33 surface-level parking spaces.
- Highly visible location with strong retail synergy, located near multiple national retailers including ALDI, Starbucks, CVS, and a Walmart Supercenter directly across the street.
- About 30 minutes from Fort Wayne, the property is located just off US Hwy 30, which sees 27,300 VPD at the intersection.
- General Business Zoning (GB), which allows for a multitude of different uses with very few restrictions. Reach out to broker for more details.
- High-quality construction – The property features high-quality brick construction and was completed in 2004 to Walgreens-specific development standards.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$289,999.92
$24,166.66/mo
Valuation Metrics
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DSCR
10.36%
Cap Rate
10.36%
ROI
Map
Zoning
GB CommercialGeneral CommercialGeneral Business
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View all 31 uses
View all 31 uses Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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