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NNN Walgreens with Long Term Remaining 2845 W Cleveland Rd Local commercial 1 377 m² À vendre South Bend, IN 46628 2 468 770 € (1 793,09 €/m²) Taux de capitalisation 11,08 %
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR 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 ANALYTIQUE
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.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement triple net
Type de bien
Local commercial
Sous-type de bien
Pharmacie
Surface de l’immeuble
1 377 m²
Classe d’immeuble
B
Année de construction
2005
Prix
2 468 770 €
Prix par m²
1 793,09 €
Taux de capitalisation
11,08 %
RNE
273 523 €
Occupation
Mono
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,16
Surface du lot
0,87 ha
Stationnement
65 places (47,21 places par 1 000 m² loué)
Façade
CARACTÉRISTIQUES
- Enseigne sur pylône
- Signalisation
- Intersection avec signalisation
- Service au volant
PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 71-03-22-377-008.000-009 | Évaluation des aménagements | 917 531 € |
| Évaluation du terrain | 222 274 € | Évaluation totale | 1 139 806 € |
TAXES FONCIÈRES
Numéro de parcelle
71-03-22-377-008.000-009
Évaluation du terrain
222 274 €
Évaluation des aménagements
917 531 €
Évaluation totale
1 139 806 €
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NNN Walgreens with Long Term Remaining | 2845 W Cleveland Rd
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