Drug Store
Walgreens | Kendallville, IN
124 E North St, Kendallville, IN 46755
Listing Price: $3,437,838
Investment Overview
This Walgreens investment features a corporate-guaranteed absolute NNN lease with 7.5 years remaining, offering complete passivity and long-term stability. The tenant has operated at this high-traffic location since 2008 and faces no nearby competition, with the nearest Walgreens over 10 miles away. Positioned along E North Street with strong visibility and over 18,000 vehicles per day, the site benefits from nearby retail drivers like Cornerstone Plaza and Publix Village Square, which attract nearly 2 million annual visitors. With a five-mile average household income of $80,851, this property combines reliability, strong demographics, and minimal competition.
Walgreens | Kendallville, IN
Investment Highlights
- Absolute NNN Walgreens with 7.5 years of term remaining | Corporate guarantee
- Tenant has been operating at this location since 2008 and has 7.5 years of term remaining
- Limited competition | Only Walgreens location within a 10+ mile radius
- Nearly 130ft of frontage along E North St which sees 18,192 vehicles per day
- Situated across the street from Cornerstone Plaza which ranks in the top 20% of strip center in Indiana by visits (Placer.ai)
Listing Price: $3,437,838
Investment Highlights
- Absolute NNN Walgreens with 7.5 years of term remaining | Corporate guarantee
- Tenant has been operating at this location since 2008 and has 7.5 years of term remaining
- Limited competition | Only Walgreens location within a 10+ mile radius
- Nearly 130ft of frontage along E North St which sees 18,192 vehicles per day
- Situated across the street from Cornerstone Plaza which ranks in the top 20% of strip center in Indiana by visits (Placer.ai)
Investment Overview
This Walgreens investment features a corporate-guaranteed absolute NNN lease with 7.5 years remaining, offering complete passivity and long-term stability. The tenant has operated at this high-traffic location since 2008 and faces no nearby competition, with the nearest Walgreens over 10 miles away. Positioned along E North Street with strong visibility and over 18,000 vehicles per day, the site benefits from nearby retail drivers like Cornerstone Plaza and Publix Village Square, which attract nearly 2 million annual visitors. With a five-mile average household income of $80,851, this property combines reliability, strong demographics, and minimal competition.
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