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Drug Store

Walgreens

3455 Mann Rd, Indianapolis, IN 46221

Listing Price: $2,500,000

Cap Rate
6.40%
Tenant Name
Walgreen Co.
Years Remaining On Lease
7.5
Gross SF
12,925
Guarantor
Corporate Guarantee
Rentable SF
12,925
Price/Gross SF
$193.42
Lease Type
Double Net
Rent Per Square Feet
$12.38

Investment Overview

The Subject Property includes a NN Leased, 12,925 square-foot, Walgreens on a 1.83 acre lot, in Indianapolis, IN. The property was built in 1993 and renovated in 2011. The Tenant just recently exercised its 5-year option early, showing strong commitment to the site.

Investment Highlights

  • 8 Years Remaining on the Lease
  • Tenant recently exercised a 5-year option - showing strong commitment to site
  • Corporate Lease with Walgreen Co.
  • Located along Mann Road & Kentucky Avenue, near US-70 and Highway 465, adjacent to Kroger-Anchored Shopping Center

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $2,500,000

Cap Rate
6.40%
Tenant Name
Walgreen Co.
Years Remaining On Lease
7.5
Gross SF
12,925
Guarantor
Corporate Guarantee
Rentable SF
12,925
Price/Gross SF
$193.42
Lease Type
Double Net
Rent Per Square Feet
$12.38

Investment Highlights

  • 8 Years Remaining on the Lease
  • Tenant recently exercised a 5-year option - showing strong commitment to site
  • Corporate Lease with Walgreen Co.
  • Located along Mann Road & Kentucky Avenue, near US-70 and Highway 465, adjacent to Kroger-Anchored Shopping Center

Investment Overview

The Subject Property includes a NN Leased, 12,925 square-foot, Walgreens on a 1.83 acre lot, in Indianapolis, IN. The property was built in 1993 and renovated in 2011. The Tenant just recently exercised its 5-year option early, showing strong commitment to the site.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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