2920 E 38th St - Drug Store FOR SALE
Indianapolis, IN 46218 |
2920 E 38th St
Indianapolis, IN 46218
HIGHLIGHTS
- New Walgreens Pharmacy Small-Format Prototype Store: Personalized Pharmacy Care Geared Towards Health and Wellness and Over-the-Counter Medications
- Long-Term, NNN Lease with Approximately 8.5 Years of Term Remaining and Rare Mid-Term Rental Increase (5/1/2028) Taking Price to 6.35% CAP
- Corporately Backed, Single-Tenant Pharmacy Location with High-Profile, Publicly-Traded Walgreens (NASDAQ: WBA/S&P “BBB-”/Moody’s “Baa2”)
- No Daily Mgmt: New 2023 Store| Tenant Responsible for All Daily Management | Landlord Responsible for Roof/Structure(15-Year Transferrable Warranty)
- High Traffic Location: Approximately 40,000 Vehicles Per Day at N. Keystone Avenue and 38th Street
- Ideal Demographics in 29th Largest Metropolitan Economy in the U.S.: High Population Density of 272k+ People & Avg. Household Income $95k in 5 Miles
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
New Format WAG |Low Price| Rare Bump in Term
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront, Medical
TOTAL BUILDING SIZE
2500
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
23
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
49-07-17-125-019.000-801,49-07-20-105-251.006-101
