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Walgreens – Leasehold – Indianapolis, IN

Summary
  • Listing Price: $1,645,000
  • CAP Rate Current: 9.00%
  • Rentable Sq Ft: 13,500 SF
  • Lot Size: 1.34 Acres
  • Approx Year Built: 1995
  • Price Per Sq Ft: $121.85
Investment Highlights
  • Long Term Leasehold Interest Through 2049
  • Investment Grade Credit Tenant (S&P: BBB) & Moody’s Baa 2
  • Attractive Cash on Cash Return at Current Interest Rates
  • 5+ Years Remaining on the Original Walgreens Lease Term
  • New Roof Built 2019 (Under Warranty)
  • Minimal Landlord Responsibilities – Only Roof & Structure
  • Signalized Hard Corner Infill Location
  • 194,000+ People within 5 Miles
  • High Barriers to Entry
  • Strong Traffic Counts: 51,000+ Cars/Day
  • Long Term Seasoned Tenant