2400 E Center St - Drug Store FOR SALE


Warsaw, IN 46580
$4,976,000 USD
949-506-2009
2400 E Center St, Warsaw, IN for Sale
$4,976,000 USD
Drug Store - FOR SALE
1/6
null | 6.25% Cap Rate

2400 E Center St
Warsaw, IN 46580


HIGHLIGHTS

  • Long-term lease with recent extension | Walgreens just extended their lease early by over 7 years, bring the total term to just under 12 years
  • Absolute NNN lease | Zero Landlord responsibilities
  • Signalized, hard corner location with excellent access and visibility from E Center Street & Argonne Rd | Combined ±28,870 VPD
  • Steady sales volume and well-established location
  • Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the U.S. and Europe | ±12,500 worldwide locations

OVERVIEW

• Long-term lease with recent extension | Walgreens just extended their lease early by over 7 years, bring the total remaining term to just under 12 years • Absolute NNN lease | Zero Landlord responsibilities • Signalized, hard corner location with excellent access and visibility from E Center Street & Argonne Rd | Combined ±28,870 VPD • Steady sales volume and well-established location • Site is walking distance to: • Grace College | 2,271 students • Lutheran Kosciusko Hospital | 72-bed hospital • Lake City Highway which sees nearly 30,000 VPD • A Mendards-anchored shopping center • A Kroger-anchored shopping center • Marketplace of Warsaw | Gabe’s and Planet Fitness-anchored shopping center • Lake Village Shopping Center | Anchored by Rural King • Woodland Plaza | Runnings and ALDI-anchored shopping center • Kosciusko County Fairgrounds • 6 different hotels/inns • About 1.5 miles from Downtown Warsaw • About 2.5 miles from Warsaw Community High School | 2,100+ students • Walgreens (Nasdaq: WBA) is the largest retail health, pharmacy, and daily living destination across the U.S. and Europe | ±12,500 worldwide locations • Generated $147B+ in FY 2024, a 6.2% increase from 2023 • Ranks #28 on the Fortune 500 • BB Credit Rating (S&P)

FOR SALE DETAILS

PRICE

$4,976,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 11.5+ Yrs NNN | No Rent Holiday

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-2 G

APN/PARCEL ID

43-11-09-200-791.000-032

ASK ABOUT THIS PROPERTY

Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

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Calvin ShortBerkeley Capital AdvisorsMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.