Walgreens Kendallville In — Sale in Walgreens | Kendallville, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Walgreens | Kendallville, IN 46755

Investment Figures

Cap rate
10.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

This Walgreens investment features a corporate-guaranteed absolute NNN lease with seven years remaining, offering complete passivity and long-term stability. The tenant has operated at this high-traffic location since 2008 and faces no nearby competition, with the nearest Walgreens over 10 miles away. Positioned along E North Street with strong visibility and over 18,000 vehicles per day, the site benefits from nearby retail drivers like Cornerstone Plaza and Publix Village Square, which attract nearly 2 million annual visitors. With a five-mile average household income of $80,851, this property combines reliability, strong demographics, and minimal competition. Investment Highlights: • Absolute NNN Walgreens with Seven Years of Term Remaining | Corporate Guarantee • Tenant has been Operating at this Location Since 2008 | Lease Expires 1/31/2083, However they have the Option to Terminate their Lease (with 12 Months Notice) Annually After the First 300 Months • Limited Competition | Only Walgreens Location Within a 10-Plus Mile Radius • Nearly 130 Feet of Frontage Along E North St which sees 18,192 Vehicles Per Day • Situated Across the Street from Cornerstone Plaza which Ranks in the Top 20 Percent of Strip Center in Indiana by Visits (Placer.ai)

Market Context

This retail in Walgreens | Kendallville, IN is listed for sale. It is offered at an approximate 10.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 101 days. Compare it against other retail listings for sale in Walgreens | Kendallville, IN — view the full market.

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