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Drug Store

Walgreens I Near Univ. of Notre Dame I Top Performer

15005 IN-23, Granger, IN 46530

Listing Price: $5,200,000

Cap Rate
6.25%
Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.43

Investment Overview

Absolute NNN Walgreens Located at the Highly Trafficked Signalized Intersection of State Road 23 (19,000 Vehicles Per Day (VPD) and Fir Road (6,000 VPD) in Granger, Indiana in the South Bend MSA. This Store Ranks in the Top 15 Percent of all Walgreens Units in the State of Indiana Per Placer.ai Data and Boasts Strong Store Sales with Only One Other Walgreens Unit Within a Five Mile Radius. Just Five Miles from the University of Notre Dame, One of America’s Most Prestigious and Top Ranked Universities with 13,000 Enrolled Students and Generating $2.46 Billion in Regional Economic Activity. Across from Saint Pius X Catholic Church (2nd Largest Church in Local Archdiocese) with 10,000 Parishioners, 500 Students, and Recent Reconstruction Exceeding $20 Million in Investment. Walgreens Has Operated at this Unit for Two Decades and Recently Extended Its Lease for 10-Years Making This an Ideal Opportunity for 1031 Exchange and Passive Investors. Huge Average Household Income of Over $138,000 and Roughly Three Percent Growth Projected Within a One-Mile Radius of the Site with Over 104,000 People Living Within a Five Mile Radius.

Investment Highlights

  • Absolute NNN Walgreens Located at the Highly Trafficked Signalized Intersection of State Road 23 (19,000 Vehicles Per Day (VPD) and Fir Road (6,000 VPD) in Granger, Indiana in the South Bend MSA
  • This Store Ranks in the Top 15 Percent of all Walgreens Units in the State of Indiana Per Placer.ai Data and Boasts Strong Store Sales with Only One Other Walgreens Unit Within a Five Mile Radius
  • Just Five Miles from the University of Notre Dame, One of America's Most Prestigious and Top Ranked Universities with 13k Enrolled Students and Generating $2.46 Billion in Regional Economic Activity
  • Across from Saint Pius X Catholic Church (2nd Largest Church in Local Archdiocese) with 10,000 Parishioners, 500 Students, and Recent Reconstruction Exceeding $20 Million in Investment
  • Walgreens Has Operated at this Unit for Two Decades and Recently Extended Its Lease for 10-Years Making This an Ideal Opportunity for 1031 Exchange and Passive Investors
  • Huge Average Household Income of Over $138,000 and Roughly Three Percent Growth Projected Within a One-Mile Radius of the Site with Over 104,000 People Living Within a Five Mile Radius

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Drug Store

Walgreens I Near Univ. of Notre Dame I Top Performer

Listing Price: $5,200,000

Cap Rate
6.25%
Tenant Name
Walgreens
Years Remaining On Lease
9.3
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.43

Investment Highlights

  • Absolute NNN Walgreens Located at the Highly Trafficked Signalized Intersection of State Road 23 (19,000 Vehicles Per Day (VPD) and Fir Road (6,000 VPD) in Granger, Indiana in the South Bend MSA
  • This Store Ranks in the Top 15 Percent of all Walgreens Units in the State of Indiana Per Placer.ai Data and Boasts Strong Store Sales with Only One Other Walgreens Unit Within a Five Mile Radius
  • Just Five Miles from the University of Notre Dame, One of America's Most Prestigious and Top Ranked Universities with 13k Enrolled Students and Generating $2.46 Billion in Regional Economic Activity
  • Across from Saint Pius X Catholic Church (2nd Largest Church in Local Archdiocese) with 10,000 Parishioners, 500 Students, and Recent Reconstruction Exceeding $20 Million in Investment
  • Walgreens Has Operated at this Unit for Two Decades and Recently Extended Its Lease for 10-Years Making This an Ideal Opportunity for 1031 Exchange and Passive Investors
  • Huge Average Household Income of Over $138,000 and Roughly Three Percent Growth Projected Within a One-Mile Radius of the Site with Over 104,000 People Living Within a Five Mile Radius

Investment Overview

Absolute NNN Walgreens Located at the Highly Trafficked Signalized Intersection of State Road 23 (19,000 Vehicles Per Day (VPD) and Fir Road (6,000 VPD) in Granger, Indiana in the South Bend MSA. This Store Ranks in the Top 15 Percent of all Walgreens Units in the State of Indiana Per Placer.ai Data and Boasts Strong Store Sales with Only One Other Walgreens Unit Within a Five Mile Radius. Just Five Miles from the University of Notre Dame, One of America’s Most Prestigious and Top Ranked Universities with 13,000 Enrolled Students and Generating $2.46 Billion in Regional Economic Activity. Across from Saint Pius X Catholic Church (2nd Largest Church in Local Archdiocese) with 10,000 Parishioners, 500 Students, and Recent Reconstruction Exceeding $20 Million in Investment. Walgreens Has Operated at this Unit for Two Decades and Recently Extended Its Lease for 10-Years Making This an Ideal Opportunity for 1031 Exchange and Passive Investors. Huge Average Household Income of Over $138,000 and Roughly Three Percent Growth Projected Within a One-Mile Radius of the Site with Over 104,000 People Living Within a Five Mile Radius.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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