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Walgreens 4001 Madison Ave 12,896 SF Retail Building Indianapolis, IN 46227 $1,911,924 CAD ($148.26 CAD/SF) 6.58% Cap Rate
Investment Highlights
- Hard corner at Madison Ave and Hanna Ave
- Very close to University of Indianapolis.
Executive Summary
Prime investment opportunity. This is a Dollar Tree-anchored retail property with 3,200 SF of additional space ready for a second tenant (perfect for a QSR, coffee shop, convenience store, or student-focused service like tutoring/printing). It's located at the high-visibility hard corner of Madison Ave & Hanna Ave, literally steps from the University of Indianapolis (UIndy) main campus entrance.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,896 SF
Building Class
C
Year Built
1993
Price
$1,911,924 CAD
Price Per SF
$148.26 CAD
Cap Rate
6.58%
NOI
$125,728 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.58 AC
Zoning
C-3 - C-3 District is for the development of an extensive range of retail sales and personal, professional and business services.
Parking
77 Spaces (5.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar Tree started when Macon Brock, Doug Perry, and Ray Compton opened the first only dollar store in Georgia. The company expanded rapidly through the 1990s, acquiring competitors like Dollar Bill and Clearance Centers. In 2015, Dollar Tree merged with Family Dollar, creating a retail giant with thousands of locations across North America. Today, the company operates both Dollar Tree and Family Dollar stores that sell everything from household goods to frozen foods. Dollar Tree emphasizes value and convenience in all its product offerings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-11-36-101-001.018-501 | Total Assessment | $1,955,438 CAD |
| Land Assessment | $378,370 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,577,068 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
49-11-36-101-001.018-501
Land Assessment
$378,370 CAD
Improvements Assessment
$1,577,068 CAD
Total Assessment
$1,955,438 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Presented by
Walgreens | 4001 Madison Ave
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