Drug Store
Midwestern Absolute NNN Walgreens w/Strong Sales
2400 E Center St, Warsaw, IN 46580
Listing Price: $4,784,614
Investment Overview
Subject is a Prime 14,500 Square-Foot Build-to-Suit Walgreens on a 1.68-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, Strategically Located on a Signalized Intersection Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Over Five Years Remaining and 10 x 5-Year Options
Midwestern Absolute NNN Walgreens w/Strong Sales
Investment Highlights
- Robust Traffic Counts on Argonne Road (12,588 VPD) and Center Street (13,423 VPD), a Quarter Mile off of US Highway 30 (26,038 VPD) Source: LandVision, CoStar, 2022
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- Well Established Retail Corridor | Nearby National Retailers Include: Applebee's, Taco Bell, Burger King, Wyndham, Holiday Inn, Avis, Ruby Tuesday, Kroger, Dunkin', AutoZone, and Others
- Thriving Community with an Average Household Income of Over $87K within Five Miles of the Subject Asset, as of 2022
- Subject is less than 45 Miles from Ft Wayne International Airport, Serving 600K Passengers Annually and 40 Miles from Downtown Fort Wayne with a Population of 268,000
- Parks and Outdoor Recreational Facilities Nearby Include: Winona Lake, Center Lake Wetland Conservation Area, Rozella Ford Golf Course, Kelly Park, Stonehenge Golf
Exclusively Listed By
Broker of Record
Listing Price: $4,784,614
Investment Highlights
- Robust Traffic Counts on Argonne Road (12,588 VPD) and Center Street (13,423 VPD), a Quarter Mile off of US Highway 30 (26,038 VPD) Source: LandVision, CoStar, 2022
- Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
- Well Established Retail Corridor | Nearby National Retailers Include: Applebee's, Taco Bell, Burger King, Wyndham, Holiday Inn, Avis, Ruby Tuesday, Kroger, Dunkin', AutoZone, and Others
- Thriving Community with an Average Household Income of Over $87K within Five Miles of the Subject Asset, as of 2022
- Subject is less than 45 Miles from Ft Wayne International Airport, Serving 600K Passengers Annually and 40 Miles from Downtown Fort Wayne with a Population of 268,000
- Parks and Outdoor Recreational Facilities Nearby Include: Winona Lake, Center Lake Wetland Conservation Area, Rozella Ford Golf Course, Kelly Park, Stonehenge Golf
Investment Overview
Subject is a Prime 14,500 Square-Foot Build-to-Suit Walgreens on a 1.68-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, Strategically Located on a Signalized Intersection Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Over Five Years Remaining and 10 x 5-Year Options
Exclusively Listed By
Broker of Record
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Josh Caruana
First Vice President/District Manager
