Walgreens Absolute NNN
For Sale
Contact for pricing
Pending
1195 N State St, Greenfield, IN 46140
Corporate-backed occupancy and drive-thru pharmacy infrastructure support a straightforward net-lease profile.
Property SizeContact for details
Days on Market144
Property Features for 1195 N State St
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
29,100 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
monument sign
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Michael Carter · License #MI 6501369793
(248) 688-0630
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This Walgreens property at 1195 N State St in Greenfield, Indiana, includes a drive-thru pharmacy and is leased on an absolute NNN basis with a corporate guarantee rated S&P: BBB. The initial lease term has approximately 7 years remaining, followed by 10 options of 5 years each. Absolute NNN terms assign zero landlord responsibilities under the lease structure described.
The property occupies the signalized intersection of N. State Street and W. McKenzie Street, where combined traffic exceeds 29,100 vehicles per day. Interstate 70 access is less than 1.5 miles away, with the highway carrying 56,000 VPD. The surrounding retail corridor includes Walmart Supercenter, The Home Depot, Kroger, Big Lots, Kohl’s, PetSmart, and Tractor Supply Co. Nearby residential communities include Greenfield Knoll with 80 units, Broadway Village Apartments with 160 units, and Greenfield Village with 256 units. The five-mile trade area includes more than 32,600 residents and average household income exceeding $78,500.
The property occupies the signalized intersection of N. State Street and W. McKenzie Street, where combined traffic exceeds 29,100 vehicles per day. Interstate 70 access is less than 1.5 miles away, with the highway carrying 56,000 VPD. The surrounding retail corridor includes Walmart Supercenter, The Home Depot, Kroger, Big Lots, Kohl’s, PetSmart, and Tractor Supply Co. Nearby residential communities include Greenfield Knoll with 80 units, Broadway Village Apartments with 160 units, and Greenfield Village with 256 units. The five-mile trade area includes more than 32,600 residents and average household income exceeding $78,500.
Key Highlights
- Walgreens lease has approximately 7 years remaining in the initial term
- Absolute NNN lease with corporate guarantee rated S&P: BBB
- 10 options to extend, each for 5 years
Property Analytics
Property Profile
Current Use
Lease Details
29,100 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 46140, IN
41,708
Population
18,167
Households
2.3
Avg Household Size
42
Median Age
27%
College-Educated
93%
High-School Grad
172.5 sq mi
ZIP Area
242
Density / Sq Mi
$82,850
Median Household Income
$47,837
Median Earnings
$1,099
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-backed occupancy and drive-thru pharmacy infrastructure support a straightforward net-lease profile.
Where is this nnn property located?
The property is located at 1195 N State St Greenfield, IN.
What are key features of this property?
This property features: Walgreens lease has approximately 7 years remaining in the initial term; Absolute NNN lease with corporate guarantee rated S&P: BBB; 10 options to extend, each for 5 years
