For Sale
$4,040,000

123 13Th St Decatur, IN 46733

Prime Decatur, IN Retail Property. Strong Cap Rate.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy located at 123 N 13th St, Decatur, IN 46733. The property sits on a 1.6-acre lot and boasts a strong location in a dense retail corridor, situated on a signalized corner with approximately 28,025 vehicles passing daily. Built in 2005, this single-tenant, net-leased (NNN) property offers a secure investment with an investment-grade tenant (S&P: BBB rating) and a remaining lease term of approximately 8 years. The property enjoys 100% occupancy, generating a substantial net operating income (NOI) of $312,900, resulting in an attractive 7.75% cap rate. The asking price is $4,040,000, translating to a price per square foot of $272.60. The property benefits from positive population growth and its proximity to Adams Memorial Hospital within the Fort Wayne metropolitan area. This is a rare opportunity to acquire a stable, high-performing retail asset with a credit-rated tenant and a long-term lease. All financial information is based on current data.

Highlights

  • 8-year remaining NNN lease with on-time rent payments.
  • Investment-grade tenant (S&P: BBB rating).
  • High-traffic location in a dense retail corridor.
  • Signalized corner location with approximately 28,025 vehicles per day.
  • Positive population growth in the area.
  • Located in the Fort Wayne metropolitan area.

Property Details for 123 13Th St

Property type
Retail properties, Drug stores
Square Feet
14,820 SF
Year Built
2005
Lot Size (sq. ft)
69,696 SF
Units
1

Location Insight

City
Decatur
County
Adams
State
Indiana
Latitude
40.82860931
Longitude
-84.93774787

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FAQs

What type of property is this?
Retail property - Prime Decatur, IN Retail Property. Strong Cap Rate.
Where is the retail property located?
The property is located at 123 13Th St Decatur, IN.
What is the asking price?
The asking price for this property is $4,040,000.
What are key features of this property?
This property features: 8-year remaining NNN lease with on-time rent payments.; Investment-grade tenant (S&P: BBB rating).; High-traffic location in a dense retail corridor.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Spencer Henderson
Spencer Henderson
Scott Scurich
Scott Scurich
Camille Renshaw
Camille Renshaw
Visit Broker Website

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13Th St
Decatur, IN 46733

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13Th St
Decatur, IN 46733

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

123 13Th St
  • Spencer Henderson
    Spencer Henderson
  • Scott Scurich
    Scott Scurich
  • Camille Renshaw
    Camille Renshaw
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