• Year Built: 2001
720 S. State Road 135 is aretail property for lease in Greenwood, IN.
SVN/Stewart Commercial Group, LLC and SVN/The Martin Group are pleased to exclusively market for sale a two property net leased Walgreens portfolio located in high quality Indiana retail markets. The properties are being sold as a portfolio and provide for limited landlord responsibilities. Each of the locations feature long term stability in their respective markets. The properties will be sold free and clear of debt.
This Portfolio provides an excellent opportunity to acquire a concentrated group of high quality net leased assets located in a solid Midwestern market. The portfolio provides an in place Net Operating Income of $620,000.00. Locations include:
1.) 720 S. State Road 135, Greenwood, IN 46143 (Firm Term Through 1/31/2021, Eight 5-year options thereafter) - $3,940,000
2.) 455 E Epler Avenue, Indianapolis, IN 46227 (Firm Term Through 12/31/2020, Eight 5-year options thereafter) - $3,350,000
Walgreens is one of the largest drugstore chains in the U.S. with more than 8,000 stores in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
• Two S&P Rated BBB Walgreens (NYSE Ticker: WBA)
• **Greenwood = $3,940,000
• **Indianapolis = $3,350,000
• $620,000 in NOI,8.5 % Cap Rate
• No Rite AId Competition
• Free and Clear of Debt
• High volume locations
• Strong retail corridor locations, signalized locations