Skip to main content

Drug Store

Walgreens | Absolute NNN | Next to Lowe's & Walmart

1975 N Main St, Bluffton (Fort Wayne), IN 46714

Listing Price: $3,000,000

Cap Rate
8.70%
Tenant Name
Walgreens
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$17.93

Investment Overview

Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Bluffton, Indiana. The Property's current lease has +/-4.5 years of firm lease term remaining on its absolute NNN lease. Walgreens is positioned on the hard corner signalized intersection within the main retail corridor of Bluffton with other major national retailers nearby including Walmart & Lowes. This main retail corridor located on N Main St (SR 1) has over 15,000 vehicles per day traversing the corridor visiting local businesses.

The Subject Property is located in Bluffton, IN which is just south of Fort Wayne, IN. Fort Wayne is the second largest city in the State of Indiana and is short 30-minute drive to the subject property. Bluffton is a city that has shown continued growth and development, with recent additions of Scooter’s coffee & Fast Pace Urgent care to this retail corridor. The Walgreens has limited competition with the only other national pharmacy chain CVS being over 3 miles away on the south side of the city. The offering provides an incoming investor a higher yield drug store positioned on a corner intersection with no landlord responsibilities.

Investment Highlights

  • Hard Corner Signalized Intersection
  • Close Proximity to Indiana's Second Largest City (Ft. Wayne, IN)
  • Surrounded by National Retailers: Walmart, Lowes, Great Clips, Papa Johns, Family Farm & Home, McDonalds, Wendy's, Arby's
  • Completely Passive Absolute NNN Lease Structure
  • Lower Price Per Foot at $206 and Rent Per Square Foot of $17.93
  • Full Liquor License Location (Beer, Wine, Spirits)

Exclusively Listed By

Drug Store

Walgreens | Absolute NNN | Next to Lowe's & Walmart

Listing Price: $3,000,000

Cap Rate
8.70%
Tenant Name
Walgreens
Years Remaining On Lease
4.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$17.93

Investment Highlights

  • Hard Corner Signalized Intersection
  • Close Proximity to Indiana's Second Largest City (Ft. Wayne, IN)
  • Surrounded by National Retailers: Walmart, Lowes, Great Clips, Papa Johns, Family Farm & Home, McDonalds, Wendy's, Arby's
  • Completely Passive Absolute NNN Lease Structure
  • Lower Price Per Foot at $206 and Rent Per Square Foot of $17.93
  • Full Liquor License Location (Beer, Wine, Spirits)

Investment Overview

Marcus & Millichap is pleased to offer for sale a net-leased Walgreens in Bluffton, Indiana. The Property's current lease has +/-4.5 years of firm lease term remaining on its absolute NNN lease. Walgreens is positioned on the hard corner signalized intersection within the main retail corridor of Bluffton with other major national retailers nearby including Walmart & Lowes. This main retail corridor located on N Main St (SR 1) has over 15,000 vehicles per day traversing the corridor visiting local businesses. The Subject Property is located in Bluffton, IN which is just south of Fort Wayne, IN. Fort Wayne is the second largest city in the State of Indiana and is short 30-minute drive to the subject property. Bluffton is a city that has shown continued growth and development, with recent additions of Scooter’s coffee & Fast Pace Urgent care to this retail corridor. The Walgreens has limited competition with the only other national pharmacy chain CVS being over 3 miles away on the south side of the city. The offering provides an incoming investor a higher yield drug store positioned on a corner intersection with no landlord responsibilities.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower