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2400 E Center St Warsaw, IN 46580

For Sale
$4,784,615

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

Property size:
14,480 SF

Description

Added:
Jan 24, 2025
Days on Market:
324
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.

Property Features for 2400 E Center St

General Information

Property type
Other retail properties
Square Feet
14,480 SF
Price / Square Foot
$330
Elevators
N/A

Building Details

Buildings
1
Stories
1
Units
1

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.
Insight Report Location Intelligence

Current Use by Public Records

Walgreens Pharmacy Pharmacy Walgreens Photo Passport Photo Processor Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm Bitcoin Depot | BDCheckout Atm

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Warsaw
State
Indiana
Longitude
-85.823876
Latitude
41.237464

FAQs

What type of property is this?
Other retail property - Established Walgreens in Warsaw, IN. Excellent location & strong lease.
Where is this other retail property located?
The property is located at 2400 E Center St Warsaw, IN.
What is the asking price?
The asking price for this property is $4,784,615.
What are key features of this property?
This property features: 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.
More about this property
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