Walgreens - NNN Net Lease Property for Sale
Gary, IN
Price
$31,770,000
Cap Rate
7.0%
Building Size
219901 SF
Year Built
1987
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Gary, IN and represents an excellent investment opportunity for commercial real estate investors. The property features219901 square feet of building space and was built in 1987.
With a cap rate of 7.0%, this Walgreens net lease property offers stable income potential. The asking price is $31,770,000, making it an attractive option for 1031 exchange investors seeking quality Walgreens commercial properties.
Why Invest in Walgreens NNN Properties?
- Stable Income: Walgreens net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Walgreens is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Gary, IN Market Overview
Located in Gary, IN, this Walgreens property benefits from strong local demographics and market fundamentals. The Gary area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.