Walgreens - Absolute NNN
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 4,400,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 14,820
Date Available 04/17/2019
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Description

Location
Peru, city, seat (1834) of Miami county, north-central Indiana, U.S. The city lies on the Wabash River near its juncture with the Mississinewa, midway between South Bend (70 miles [110 km] north) and Indianapolis. Founded in 1829 as Miamisport on the site of a Miami Indian village and renamed in 1834 for the South American country, Peru is now a transportation, industrial, and agricultural trading centre. Its manufactures include electrical and heating equipment, plastics, food, paper, and wood products. Pioneer, circus, and Indian relics are displayed in the Miami County Museum. Songwriter Cole Porter was born and is buried in Peru. The Circus City Festival Museum and the International Circus Hall of Fame commemorate Peru’s former fame as one of the nation’s foremost circus winter quarters. Grissom Air Reserve Base and Mississinewa Lake are nearby.

Sale
SVN | Stewart Commercial Group, LLC is pleased to exclusively market for sale a net leased Walgreens property located in Peru, IN. The property provides for zero landlord responsibilities and will be sold free and clear of debt. The in place Net Operating Income is $285,285 annually. The lease structure is true NNN and has approximately 12 1/2 years of firm term remaining. The firm term runs through 8/31/2031 with ten 5-year options thereafter. The 14,820 square foot building, constructed in 2006, features a drive-thru pharmacy and is situated on 1.44 acres. The property lies between a Taco Bell and Advance Auto on N. Broadway which is the primary retail corridor in the City.

Location