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6191 N Keystone Ave
Indianapolis, IN 46220
Walgreens · Retail Property For Sale
Investment Highlights
- Long-Term Occupancy Reinforced by Newly Exercised Lease Extension
- Affluent Trade Area with Strong Income Growth
- Modern Building on a Spacious Parcel
- Established Retail Corridor Anchored by Major National Tenants
- Hard Corner Location with Excellent Access and Visibility
Executive Summary
Walgreens operates under an absolute NNN lease with more than two years of lease term remaining, offering a passive investment with zero landlord responsibilities and long-term lease flexibility. Walgreens has occupied the Property since 2002, reflecting more than 20 years of continuous operation. Located within a densely built-out retail corridor, the Property is anchored by high-performing national retailers and positioned near the redeveloped Glendale Town Center and The Fashion Mall at Keystone. This dynamic retail environment enhances Walgreens’ visibility and positions the Property within one of Indianapolis’s most active commercial zones drawing in consistent consumer traffic from both value-driven and upscale shoppers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,520 SF
Building Class
B
Year Built
2001
Price
$5,402,880 CAD
Price Per SF
$372.10 CAD
Cap Rate
8.50%
NOI
$459,245 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.80 AC
Zoning
ZO01
Parking
80 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,007,648 CAD | |
| Land Assessment | $1,396,588 CAD | Total Assessment | $3,404,236 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,396,588 CAD
Improvements Assessment
$2,007,648 CAD
Total Assessment
$3,404,236 CAD
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