6745 E Southport Rd - Drug Store FOR SALE


Indianapolis, IN 46237- South Franklin
$3,578,000 USD
630-570-2260
6745 E Southport Rd, Indianapolis, IN for Sale
$3,578,000 USD
Drug Store - FOR SALE
1/9
null | 8.25% Cap Rate

6745 E Southport Rd
Indianapolis, IN 46237
South Franklin


HIGHLIGHTS

  • Absolute triple-net (NNN) lease with a corporate guarantee and 7 years of term remaining.
  • Among the top 18% of Walgreens locations locally by visits (per Placer.ai).
  • Fills a competitive void for Walgreens and other pharmacies. Significant lack of pharmacies to the south and east.
  • Hard-corner site at Southport Rd & Shelbyville Rd with 39,588 VPD (vehicles per day).
  • Sits on the gateway to a dense residential pocket.

OVERVIEW

This high-performing Walgreens investment opportunity offers an absolute triple-net (NNN) lease with a corporate guarantee, seven years remaining, and 10 additional 5-year renewal options. The store is among the top 18% of Walgreens locations locally by visits, filling a competitive void in the market, with the nearest Walgreens located 3 miles away. The property is situated on a large-acre lot with ample parking, benefiting from strong demand due to a significant lack of pharmacies in the surrounding areas. Located at a high-traffic hard-corner site, the property benefits from proximity to Interstate 65, downtown Indianapolis, and key demand drivers such as Franciscan Health and local schools. The market is growing, with over 15% population growth from 2010-2020 and expected future growth of 2.4-2.69% by 2028, paired with an average household income of $109,553 within a 1-mile radius.

FOR SALE DETAILS

PRICE

$3,578,000 USD

PRICE/SF

$241 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Indianapolis, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,991 SF

ZONING

-

APN/PARCEL ID

49-15-14-125-033.000-300

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2260

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