Walgreens | Seller Will Provide 50% LTV Financing | Absolute NNN Lease | FOR SALE

Highlights:

• Absolute NNN lease
• Corporate guarantee - NASDAQ:WBA
• Seller will provide 50% LTV financing
• $3,087,434 in reported sales
• Located along a major commercial thoroughfare
• High sales volume
• Less than a mile from Lake City Highway - 26,000+ VPD
• 1 mile from Lutheran Kosciusko Hospital - 72-bed
• Neighboring retailers include Jimmy John's, Dunkin Donuts, Kroger, Papa Johns, Yamato's Steakhouse, Taco Bell, Burger King and more

Description:

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Warsaw, Indiana. The lease is corporately guaranteed by Walgreens and expires in July 2029 with ten, 5-year renewal options. This Walgreens is located along a major commercial thoroughfare and less than a mile from Lake City Highway which accommodates over 26,000 vehicles per day. The site borders various retailers including Jimmy John's, Dunkin Donuts, Kroger, Papa Johns, Yamato's Steakhouse, Taco Bell, Burger King and more.

LOCATION DESCRIPTION
Warsaw is a city in and the county seat of Kosciusko County, Indiana, United States. Warsaw has a population of 15,804 as of the 2020 U.S. Census. Warsaw also borders a smaller town, Winona Lake. Warsaw is not only the county seat, but also known as the Orthopedic Capital of the World due to the many orthopedic companies that were founded and remain here. Northeast Indiana represents 50% of the global orthopaedic market for total joint replacements.

Warsaw occupies the area between Pike Lake, Hidden Lake and Center Lake (to the north) and Winona Lake (to the southeast). The Tippecanoe River passes through the West portion of Warsaw. U.S. Route 30 and Indiana State Road 15 both pass through town, while Indiana State Road 25 begins on West Market Street while traffic is routed to West Winona Avenue along with State Road 15 after US Route 30 bypassed the downtown area.

Documents: