For Sale
$3,450,000

1900 Ohio StMartinsville, IN 46151

High-Yield Indiana Pharmacy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 14,525 square foot Walgreens, situated at 1900 S Ohio St, Martinsville, IN 46151. The property boasts a 100% occupancy rate with a strong franchisee tenant under an absolute NNN lease, ensuring minimal landlord responsibilities. The asking price is $3,450,000, offering a compelling 9.42% capitalization rate. Strategically located directly off Highway I-69, this property benefits from high visibility and convenient access. Its prime location also provides easy access to both Indianapolis (approximately 20 minutes north) and Bloomington (approximately 20 minutes south), ensuring a robust customer base. The single-building property is classified as retail and specifically as a pharmacy/drug store. This is a rare opportunity to acquire a stable, high-yielding investment in a desirable location with a nationally recognized tenant. The property's strong performance and favorable lease terms make it an attractive addition to any investment portfolio. The property is located in Morgan County, Indiana.

Highlights

  • $3,450,000 asking price for a Walgreens retail property.
  • Absolute NNN lease.
  • 9.42% cap rate.
  • 14,525 square feet.
  • 100% occupancy.
  • Located at 1900 S Ohio St, Martinsville, IN 46151.

Property Details for 1900 Ohio St

Property type
Retail properties, Drug stores
Buildings
1

Location Insight

City
Martinsville
County
Morgan
State
Indiana
Latitude
39.40838901704
Longitude
-86.424219227362
1900 Ohio St, Martinsville, Indiana

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1900 Ohio St
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