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Drug Store

Walgreens (Dark)

2215 IN-3, Greensburg, IN 47240

Listing Price: $3,100,000

Cap Rate
8.39%
Tenant Name
Walgreens
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$17.94

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a former drug store property located in Greensburg, Indiana. The offering is an ideal investment for an investor looking for a well-located property for redevelopment or re-tenanting. The property sits right off the Interstate and sits at the first signalized intersection, providing a premier corner for this retail corridor. The property sits on an oversized 1.76 acre parcel lending itself to many potential future uses given its size.

Greensburg is located adjacent to Interstate 74 halfway between Indianapolis, Indiana and Cincinnati, Ohio and is a key commuter stopping point between the two cities. The community serves as the county seat of Decatur County comprising of local government & Decatur County Memorial Hospital. Major employers in the community include Delta Faucet, Honda Manufacturing, Valeo Engine Cooling, KB Specialty Foods & Hitachi Powdered Metals.

Investment Highlights

  • Prime Location: Situated on a Signalized Hard Corner Intersection Directly off of the Interstate Provides Exceptional Visibility and Access to the Property with Multiple Ingress/Egress Points
  • Multitude of Potential Uses: Given the Size and Location of the Parcel, the Property is Primed for a New Tenant to Occupy the Building or for Redevelopment of the Property and Potential New Uses
  • Dense Retail Corridor:  Surrounded by National Retailers Along the Main Retail Corridor of Greensburg Including: Walmart, McDonalds, Starbucks, Chili's, Jimmy Johns, Taco Bell, Verizon Wireless, Rural

Exclusively Listed By

Drug Store

Walgreens (Dark)

Listing Price: $3,100,000

Cap Rate
8.39%
Tenant Name
Walgreens
Years Remaining On Lease
6.0
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$17.94

Investment Highlights

  • Prime Location: Situated on a Signalized Hard Corner Intersection Directly off of the Interstate Provides Exceptional Visibility and Access to the Property with Multiple Ingress/Egress Points
  • Multitude of Potential Uses: Given the Size and Location of the Parcel, the Property is Primed for a New Tenant to Occupy the Building or for Redevelopment of the Property and Potential New Uses
  • Dense Retail Corridor:  Surrounded by National Retailers Along the Main Retail Corridor of Greensburg Including: Walmart, McDonalds, Starbucks, Chili's, Jimmy Johns, Taco Bell, Verizon Wireless, Rural

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a former drug store property located in Greensburg, Indiana. The offering is an ideal investment for an investor looking for a well-located property for redevelopment or re-tenanting. The property sits right off the Interstate and sits at the first signalized intersection, providing a premier corner for this retail corridor. The property sits on an oversized 1.76 acre parcel lending itself to many potential future uses given its size. Greensburg is located adjacent to Interstate 74 halfway between Indianapolis, Indiana and Cincinnati, Ohio and is a key commuter stopping point between the two cities. The community serves as the county seat of Decatur County comprising of local government & Decatur County Memorial Hospital. Major employers in the community include Delta Faucet, Honda Manufacturing, Valeo Engine Cooling, KB Specialty Foods & Hitachi Powdered Metals.

Exclusively Listed By

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