For Sale
$4,784,615

2400 E Center StWarsaw, IN 46580

Established Walgreens in Warsaw, IN. Excellent location & strong lease.

Overview

Added:
Jan 24
Days on market:
74
This exceptional investment opportunity presents the chance to acquire a well-established Walgreens property situated in Warsaw, Indiana. The property boasts a corporate-guaranteed lease with Walgreens (NASDAQ:WBA), extending to July 2029, and includes ten, five-year renewal options, ensuring long-term stability. This Walgreens location enjoys a prime position along a major commercial thoroughfare, less than a mile from Lake City Highway, a road with over 26,000 vehicles per day. The high-traffic location is complemented by a strong tenant mix, with neighboring businesses including Jimmy John's, Dunkin' Donuts, Kroger, Papa John's, Yamato's Steakhouse, Taco Bell, and Burger King. The property itself is a single-unit building with 14,480 square feet. The seller will provide 50% LTV financing. The property's reported sales total $3,087,434. Warsaw, the county seat of Kosciusko County, Indiana, is a thriving community with a population of 15,804 (2020 Census) and is known as the "Orthopedic Capital of the World," benefiting from a significant presence of orthopedic companies. Its strategic location between several lakes and along major roadways (U.S. Route 30 and Indiana State Road 15) further enhances its accessibility and appeal. This is an absolute NNN lease investment. The property's proximity to Lutheran Kosciusko Hospital (a 72-bed facility) adds to its desirability. This is a rare opportunity to acquire a high-performing, stable investment property in a growing market.

Highlights

  • Corporate-guaranteed Walgreens lease in Warsaw, IN, expiring July 2029 with ten 5-year renewal options.
  • High-traffic location on major commercial thoroughfare, less than a mile from Lake City Highway (26,000+ vehicles daily).
  • Strong surrounding retail presence including Kroger, Dunkin', Jimmy John's, and other national brands.

Property Details for 2400 E Center St

Property type
Retail properties
Square Feet
14,480 SF
Price / Square Foot
$330.43
Buildings
1
Stories
1
Elevators
N/A
Units
1

Location Insight

City
Warsaw
County
State
Indiana

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2400 E Center St
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