3700 National Rd E - Drug Store FOR SALE


Richmond, IN 47374
$5,050,000 USD
949-903-3399
3700 National Rd E, Richmond, IN for Sale
$5,050,000 USD
Drug Store - FOR SALE
1/6
null | 6.93% Cap Rate

3700 National Rd E
Richmond, IN 47374


HIGHLIGHTS

  • Single Tenant Absolute NNN Leased Walgreens – Corporate Guarantee – Richmond, IN
  • One of the Largest Drugstore Chains in the United States
  • Absolute Net Lease – 6.9 Firm Lease Years Remaining - No Landlord Responsibilities
  • 75 Year Primary Term – Option to Termination Beginning in 2031
  • Positioned on Hard Corner Signalized Intersection of E Main St
  • 14,729 SF Building with Drive-Thru on Large 1.94 Acre Parcel

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Walgreens Pharmacy in Richmond, IN. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate guaranteed lease has 6.9 firm lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent. The 14,729 SF standalone building with drive-thru on large 1.94-acre parcel is strategically positioned on the hard corner signalized intersection of E Main Street (Hwy 40) and 37th Street which have a combined traffic count exceeding 32,200 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, Menards Home Improvement, Tractor Supply Co., DICK’S Sporting Goods, Kohl’s, Hobby Lobby, ALDI, Kroger, Starbucks and Chipotle.

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$343 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

ZO01

APN/PARCEL ID

89-16-35-000-301.001-030

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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

Eric CarltonColliersMore Info
949-903-3399

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