Walgreens

1400 Cassopolis St, Elkhart, IN

$5,545,600

Price

6.25%

Cap Rate

$346,600

NOI

Overview
Cap Rate
6.25%
NOI
$346,600
Building Size
14,820 sqft
Lot Area
2.27 acres
Occupancy
100%
Units
1
Year Built
2007
Description

.

.

Highlights
  • NNN Lease Structure | Zero Landlord Responsibilities
  • Corporate Backed Guarantee | S&P “BBB”
  • Essential Retailer | Open & Operating During Pandemic
  • 40+ Years Occupancy at the Location – Walgreens Occupied a Mid-Block Site Directly Adjacent to the Subject for Decades Prior to 2007
  • Drive-Through Equipped Site
  • Subject Property is Located on a Signalized Intersection
  • Strong Reported Sales
  • Multiple Points of Ingress & Egress
  • Original 25 Year Lease | 11.5 +/- Years Remaining on the Firm Term
  • Located on a 2.27 Acre Lot
  • Population Within a 5 Mile Radius is 102,500 +
  • Average Household Income Within a 5 Mile Radius is $62,000 +
  • Subject Property is Across the Street From North Side Middle School
  • Surrounded by Numerous Retailers: O'Reilly Auto parts, Family Dollar, AutoZone, Dollar General, CVS. Wendy's, Pizza Hut, Long John Silvers, The Salvation Army, Dairy Queen & Many More.

Location
Gallery