Drug Store
Walgreens | Kendallville, IN
124 E North St, Kendallville, IN 46755
Listing Price: $3,028,500
Investment Overview
This Walgreens investment features a corporate-guaranteed absolute NNN lease with seven 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 two 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 Triple-Net Walgreens with Seven Years of Term Remaining | Corporate Guarantee
- Tenant has been Operating at this Location Since 2008 | Lease Expires 1/31/2083, However they have the Option to Terminate their Lease (with 12 Months Notice) Annually After the First 300 Months
- Limited Competition | Only Walgreens Location Within a 10-Plus Mile Radius
- Nearly 130 Feet 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 Percent of Strip Center in Indiana by Visits (Placer.ai)
Listing Price: $3,028,500
Investment Highlights
- Absolute Triple-Net Walgreens with Seven Years of Term Remaining | Corporate Guarantee
- Tenant has been Operating at this Location Since 2008 | Lease Expires 1/31/2083, However they have the Option to Terminate their Lease (with 12 Months Notice) Annually After the First 300 Months
- Limited Competition | Only Walgreens Location Within a 10-Plus Mile Radius
- Nearly 130 Feet 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 Percent of Strip Center in Indiana by Visits (Placer.ai)
Investment Overview
This Walgreens investment features a corporate-guaranteed absolute NNN lease with seven 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 two 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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