Walgreens Absolute NNN Lease
14,405 SF | Retail Building | Fort Wayne, IN 46808 | $4,468,235 ($310/SF) | 8.50% Cap Rate
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,468,235
- Property Type
-
Retail
- Square Feet
- 14,405 SF
- Price / Square Foot
- $310
Listing Contacts
Kase Abusharkh
Verified Profile
- Property Info
Property Overview
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Fort Wayne, Indiana. The absolute NNN
lease is corporately guaranteed by Walgreens and expires in October 2032
with ten, 5-year renewal options. This Walgreens is located on a hard corner
with exposure to 17,513 vehicles per day and 1.5 miles to downtown Fort
Wayne. The site borders various businesses in the area and neighbors
retailers including Burger King, Arby's, Dairy Queen, Kroger, Dollar Tree, Pizza
Hut and more.
established Walgreens location in Fort Wayne, Indiana. The absolute NNN
lease is corporately guaranteed by Walgreens and expires in October 2032
with ten, 5-year renewal options. This Walgreens is located on a hard corner
with exposure to 17,513 vehicles per day and 1.5 miles to downtown Fort
Wayne. The site borders various businesses in the area and neighbors
retailers including Burger King, Arby's, Dairy Queen, Kroger, Dollar Tree, Pizza
Hut and more.
Property Details
- Class
- B
- Year Built
- 2002
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 69,696 SF
Highlights
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Seller will Provide 50% LTV Financing
- $2,052,690 in Reported Annual Sales
- Desirable Demographics - 188,000 Residents within a 5-Mile Radius
- 1.5 Miles to Downtown Fort Wayne
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].