• Year Built: 2001
651 W. Us Highway 30 is aretail property for lease in Schererville, IN.
SVN/Stewart Commercial Group, LLC and SVN/The Martin Group are pleased to exclusively market for sale a net leased Walgreens property located in the high quality retail market of Schererville, IN. The property is being sold individually or as part of a three property Walgreens portfolio with additional locations available in Greenwood, IN and Indianapolis, IN. The property provides for no landlord responsibilities at the Schererville location and limited landlord responsibilities at the Indianapolis and Greenwood locations. Each of the locations feature long term stability in their respective markets and strong store sales due to the excellent locations. The properties will be sold free and clear of debt.
The Schererville location provides an in place Net Operating Income of $340,000 annually. The lease structure is true NNN and has just less then 10 years of firm term remaining. The firm term runs through 2/26/2026 with ten 5-year options thereafter If purchased as a portfolio, this Portfolio provides an excellent opportunity to acquire a concentrated group of high quality net leased assets located in solid Midwestern markets. The portfolio provides an in place Net Operating Income of $960,000.00.
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.
• Three S&P Rated BBB Walgreens (NYSE Ticker: WBA)
• $340,000 in NOI, 5% Cap Rate
• Free and Clear of Debt
• High volume location with exceptional store sales
• Strong retail corridor location, signalized Intersection
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