Walgreens - Indianapolis, IN_Property for Sale
Walgreens - Indianapolis, IN_Property for Sale
9240 Rockville Rd, Indianapolis, IN, 46234-2558, US

Walgreens - Indianapolis, IN

Asset Description

JLL is pleased to exclusively offer for sale the Walgreens (the “Tenant”) at 9240 Rockville Road in Indianapolis, IN (the “Property” or the “Asset”). With over 225,000 visitors per year, this location also has reported store level sales of $1,736,000 (excluding RX). The Property is favorably situated along Rockville Road and North Raceway Road, which benefits from its direct exposure to more than 60,000 VPD. The Asset is an outparcel to Raceway Market Centre, which has over 1.4 million annual visitors, per Placer.ai. The Property is also surrounded by seven high performing shopping centers, including Avon Commons, Raceway Plaza and Raceway Commons – which are in the 75th, 78th and 86th percentile of neighborhood shopping centers in the nation, per Placer Ai. The Asset’s surrounding 1-mile radius is comprised of 8,200+ residents with an average annual household incomes exceeding $102,500 and population growth of over 9.7% since 2010.

The Tenant has 9+ years remaining on their NNN lease with minimal landlord responsibilities. This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in a premier market with exceptional real estate fundamentals.


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Attributes

Asking price
₩6,486,236,000
Cap rate
7.5%
NOI
₩486,433,000
WAULT
9.6 years
Year built
2005
Building area net
1,346 m²
Occupancy
100%

Media

Investment Highlights

  • True NNN Lease Structure with minimal Landlord Responsibilities with over 9.6 years remaining
  • Strategically located along Rockville Rd and N Raceway Rd (60,000 VPD) as an outparcel to Raceway Market Centre
  • The Shopping Center attracts over 1.4M visitors annually, per placer.ai
  • Affluent community within the Indianapolis MSA with AHHI over $260K
  • Population Growth of over 16.7% since 2010 to over 25,000 residents
  • Adjacent from the property are are three of the top-performing retail centers – Avon Commons, Raceway Plaza and Raceway Commons – that are ranked in the top 75th, 78th and 86th percentile of most frequented neighborhood shopping centers nationally (per Placer. ai).
Walgreens - Indianapolis, IN 4_Property for Sale

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Walgreens - Indianapolis, IN (0 Properties)

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Last updated
11 Jul 2024