Drug Store
Walgreens | Kendallville, IN
124 E North St, Kendallville, IN 46755
Listing Price: $2,890,909
Investment Overview
This Walgreens investment features a corporate-guaranteed absolute NNN lease, 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 $84,506, this property combines reliability, strong demographics, and minimal competition.
Walgreens | Kendallville, IN
Investment Highlights
- Absolute Triple-Net Walgreens | 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: $2,890,909
Investment Highlights
- Absolute Triple-Net Walgreens | 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, 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 $84,506, this property combines reliability, strong demographics, and minimal competition.
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