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Walgreens 2800 Us Highway 231 S 14,820 SF Retail Building Lafayette, IN 47909 $4,964,948 CAD ($335.02 CAD/SF) 9.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Walgreens with 7.5 Years of Term Remaining | Corporate Guarantee
Situated at a Signalized Intersection | Heavily Traveled Area
From 2010-2020, the Population Grew 5.26% and is Expected to Grow Another 4.31% by 2029 within a One-Mile Radius

Tenant has been Operating at this Location Since 2008
Limited Competition | Only Walgreens Location within a 2-Mile Radius

EXECUTIVE SUMMARY

This corporately guaranteed Walgreens investment offers a stable, long-term opportunity with 7.5 years remaining on an absolute NNN lease, meaning no landlord responsibilities. The tenant has operated at this high-visibility, signalized intersection since 2008, benefiting from strong traffic counts and limited competition. It’s the only Walgreens within a 2-mile radius, with none for over 10 miles to the south and west. It offers a prime location near Purdue University and major employers like Subaru’s U.S. auto plant. The site is surrounded by dense residential communities and a growing population, making it a compelling choice for investors seeking reliable income and strong market fundamentals.

Walgreens Lafayette IN Brochure

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2008

Price

$4,964,948 CAD

Price Per SF

$335.02 CAD

Cap Rate

9.25%

NOI

$459,258 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.84 AC

Zoning

Commercial - Commercial

Parking

80 Spaces (5.4 Spaces per 1,000 SF Leased)

Frontage

338’ on IN-25

Drive Thru

Wheelchair Accessible

Air Conditioning

Retailer
-
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.