±9 Yr Walgreens Limited Competition 10 CAP 1915 W Broadway St 14,703 SF Retail Building Princeton, IN 47670 $5,150,945 CAD ($350.33 CAD/SF) 10% Cap Rate

We are pleased to market for sale the Walgreens property located at 1915 W Broadway St, Princeton, IN 47670 ("The Property"). Walgreens has been operating at the site for 16 years and has over 8 years of firm term remaining before the option periods. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever.
Located less than 1 mile from the Property, Gibson General Hospital, part of the Deaconess Health System, serves as the area’s leading medical facility. The hospital provides 24-hour emergency care, outpatient services, and a full spectrum of specialty care to Gibson County and the surrounding region, making it a significant demand driver for pharmacy services. The Property is the only Walgreens location serving the city of Princeton, with the next nearest Walgreens pharmacy located over 22 miles away.
The Property is situated near one of the Midwest’s most important industrial employers, Toyota Motor Manufacturing Indiana (TMMI). The facility employs over 7,000 people and has produced more than 6 million vehicles since opening. With over $1.3 billion invested in recent expansions, including electric vehicle production, TMMI continues to play a central role in Princeton’s economy and long-term growth trajectory. In addition to TMMI, the surrounding industrial base includes over 4.2 million square feet of industrial space within a 5-mile radius.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.