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NNN Walgreens with Long Term Remaining 2845 W Cleveland Rd 14 820 pi² Commerce de détail Immeuble South Bend, IN 46628 4 015 050 $ CAD (270,92 $ CAD/pi²) 11,08% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- NNN Walgreens for sale, presenting an outstanding, hands-off investment offering stable income in South Bend, Indiana.
- Prominent corner location at a signalized intersection, benefiting from exposure to over 16,000 vehicles each day.
- South Bend is an established community with mostly owner-occupied households and consumer spending exceeding $1.1 billion within 5 miles.
- Conveniently located just off Interstate 90 near the South Bend, Indiana, Airport, attracting daily traffic.
- Situated in a retail-rich area near major tenants including Aldi, Meijer, Chick-fil-A, Burger King, Goodwill, and more.
RÉSUMÉ DE L'ANNONCE
This freestanding Walgreens property offers a rare opportunity to acquire a long-term, absolute NNN leased asset in South Bend, Indiana. Built in 2005, the ±14,820 SF building sits on a ±2.14-acre parcel at the high-visibility intersection of West Cleveland Road and North Bendix Drive, with direct exposure to the Indiana Toll Road. The site benefits from strong traffic counts exceeding 26,000 ADT and a dense trade area of over 115,000 residents with an average household income of $76,000.
The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate.
This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.
The property is strategically positioned adjacent to Aldi and Goodwill, with Meijer and Super Walmart nearby, ensuring consistent consumer traffic. Walgreens, ranked among Fortune’s “World’s Most Admired Companies,” operates under a 75-year lease with an absolute NNN structure, providing investors with zero landlord responsibilities. The current lease term extends until May 31, 2080, with the next termination option in 2030, offering exceptional stability. Base rent is $26,775 per month, generating a strong NOI of $321,300 and a competitive 11.08% cap rate.
This investment combines credit tenancy, long-term income security, and prime location fundamentals, making it an ideal addition to any portfolio seeking reliable cash flow and minimal management obligations.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Pharmacie
Taille du bâtiment
14 820 pi²
Classe d’immeuble
B
Année de construction
2005
Prix
4 015 050 $ CAD
Prix par pi²
270,92 $ CAD
Taux de capitalisation
11,08%
Revenu net d’exploitation
444 840 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,16
Taille du lot
2,14 AC
Stationnement
65 places (4,39 places par 1 000 pi² loué)
Façade
COMMODITÉS
- Enseigne sur pylône
- Affichage
- Intersection avec signalisation
- Service au volant
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
Meijer
Impôts fonciers
| Numéro de lot | 71-03-22-377-008.000-009 | Évaluation des bâtiments | 1 503 747 $ CAD |
| Évaluation du terrain | 364 287 $ CAD | Évaluation totale | 1 868 033 $ CAD |
Impôts fonciers
Numéro de lot
71-03-22-377-008.000-009
Évaluation du terrain
364 287 $ CAD
Évaluation des bâtiments
1 503 747 $ CAD
Évaluation totale
1 868 033 $ CAD
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NNN Walgreens with Long Term Remaining | 2845 W Cleveland Rd
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