Drug Store
Walgreens | Below Market Rent PSF & Rare 11% Rental Bump | Major Metro Location
4555 Shadeland Ave, Indianapolis, IN 46226
Listing Price: $2,536,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Indianapolis, Indiana. The Property's current lease has approximately 7 years of firm lease term remaining on its lease and automatic renewal options thereafter. Walgreens has previously demonstrated commitment to this location by exercising a 10 year extension. They’re an established retailer on this trading corridor with over a 29-year operating history at the site. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500.
The Subject Property is located along 46th Street and North Shadeland Avenue, just once block west of Interstate 465 which features over 171,000 vehicles per day. It’s proximity to Interstate 465 make various nearby destinations very accessible; Fort Benjamin Harrison State Park, a 1,700- are state park that offers, camping, hiking and biking trails, golf, horseback rising and other various outdoor activities boats over 900,000 annual visitors and is located just a few miles east of the Subject Property. Downton Indianapolis and the Indianapolis International Airport are only 7.5 miles and 15 miles away, respectively.
Walgreens | Below Market Rent PSF & Rare 11% Rental Bump | Major Metro Location
Investment Highlights
- Low Price Point Compared to Average on Market Walgreens
- Established Location with 29+ Years Operating History
- Major Metro Location with Close Proximity to Downtown Indianapolis
- Long Lease Term Remaining: +/- Seven Years Firm-Term Left on Lease on Recent 10 Year Lease Extension – Showing Commitment to Site
- Attractive Rent Per Square Foot at $12.68 and Low Price Per Foot at $195
- Strong Demographics: 81,000 Residents within Three-Mile Radius Provides Captive Consumer Base
Exclusively Listed By
Drug Store
Walgreens | Below Market Rent PSF & Rare 11% Rental Bump | Major Metro Location
Listing Price: $2,536,000
Investment Highlights
- Low Price Point Compared to Average on Market Walgreens
- Established Location with 29+ Years Operating History
- Major Metro Location with Close Proximity to Downtown Indianapolis
- Long Lease Term Remaining: +/- Seven Years Firm-Term Left on Lease on Recent 10 Year Lease Extension – Showing Commitment to Site
- Attractive Rent Per Square Foot at $12.68 and Low Price Per Foot at $195
- Strong Demographics: 81,000 Residents within Three-Mile Radius Provides Captive Consumer Base
Investment Overview
Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Indianapolis, Indiana. The Property's current lease has approximately 7 years of firm lease term remaining on its lease and automatic renewal options thereafter. Walgreens has previously demonstrated commitment to this location by exercising a 10 year extension. They’re an established retailer on this trading corridor with over a 29-year operating history at the site. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500. The Subject Property is located along 46th Street and North Shadeland Avenue, just once block west of Interstate 465 which features over 171,000 vehicles per day. It’s proximity to Interstate 465 make various nearby destinations very accessible; Fort Benjamin Harrison State Park, a 1,700- are state park that offers, camping, hiking and biking trails, golf, horseback rising and other various outdoor activities boats over 900,000 annual visitors and is located just a few miles east of the Subject Property. Downton Indianapolis and the Indianapolis International Airport are only 7.5 miles and 15 miles away, respectively.
Exclusively Listed By
