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Indiana Walgreens |Abs NNN | Limited Comp. 3700 National Rd E 14,729 SF Retail Building Richmond, IN 47374 $5,467,760 CAD ($371.22 CAD/SF) 8.75% Cap Rate
Investment Highlights
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- No other Walgreens within 12.4 miles; no CVS within 3 miles.
- Large 1.94-acre site providing strong visibility and access.
- Situated on US-40 / National Road E with estimated 30,000+ vehicles per day.
- 1.9 million sq. ft. of retail within 1 mile (Walmart, Menards, ALDI, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy).
Executive Summary
We are pleased to market for sale the Walgreens located at 3700 National Road East in Richmond, Indiana 47374 (the “Property”). The Property is leased on an absolute triple net basis with no landlord responsibilities.
The Property consists of approximately 14,729 square feet on a 1.94-acre parcel. It is located along US-40 / National Road East, a primary east-west commercial corridor in Richmond with traffic counts exceeding approximately 30,000 vehicles per day.
The immediate trade area includes approximately 1.9 million square feet of retail within one mile, anchored by major national and regional tenants including Walmart, Menards, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy. Richmond serves as a regional retail hub for Wayne County and surrounding rural communities in both Indiana and western Ohio, supporting consistent cross-market consumer traffic.
There is limited direct pharmacy competition in the immediate area, with no other Walgreens locations within approximately 12.4 miles.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.
The Property consists of approximately 14,729 square feet on a 1.94-acre parcel. It is located along US-40 / National Road East, a primary east-west commercial corridor in Richmond with traffic counts exceeding approximately 30,000 vehicles per day.
The immediate trade area includes approximately 1.9 million square feet of retail within one mile, anchored by major national and regional tenants including Walmart, Menards, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy. Richmond serves as a regional retail hub for Wayne County and surrounding rural communities in both Indiana and western Ohio, supporting consistent cross-market consumer traffic.
There is limited direct pharmacy competition in the immediate area, with no other Walgreens locations within approximately 12.4 miles.
Listed in conjunction with Brian Brockman, Bang Realty Inc, 513-898-1551, wg@bangrealty.com, IN DRE Lic. RB14037939.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,729 SF
Building Class
C
Year Built
2006
Price
$5,467,760 CAD
Price Per SF
$371.22 CAD
Cap Rate
8.75%
NOI
$478,429 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.94 AC
Zoning
ZO01
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 89-16-35-000-301.001-030 | Improvements Assessment | $2,126,959 CAD |
| Land Assessment | $396,823 CAD | Total Assessment | $2,523,781 CAD |
Property Taxes
Parcel Number
89-16-35-000-301.001-030
Land Assessment
$396,823 CAD
Improvements Assessment
$2,126,959 CAD
Total Assessment
$2,523,781 CAD
Contacts
-
Sean Dan -
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Indiana Walgreens |Abs NNN | Limited Comp. | 3700 National Rd E
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