1207 S Heaton St Knox, IN 46534
Corporate guaranteed Walgreens with 6 years remaining on the lease.
Type:Retail
Property size:
14,259 SFPrice / SF:
$202/SF- Added:
- Sep 11, 2024
- Days on Market:
- 588
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 1207 S Heaton St
General Information
- Standard status
- Active
- Size
- 14,259 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing agent Winston Guest, CCIM License #CA 02046877
Listing office SRS Real Estate Partners Newport Beach
Listing date Sep 11, 2024
Source Crexi
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
Overview
Freestanding Walgreens Investment Property
This freestanding Walgreens investment property is located in Knox, Indiana. The tenant, Walgreen Co., has approximately 6 years remaining on its lease with 10 (5-year) options to extend. The lease is NNN with limited landlord responsibilities to roof, structure, and exterior utilities. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, serving nearly 9 million customers and patients daily. The parent company, Walgreens Boots Alliance (WBA), recently announced an agreement to be acquired by a Sycamore Partners-affiliated entity for up to $23.7 billion. The property is an outparcel to the Knox Mall, a grocery anchored shopping center with tenants such as Tractor Supply Co., Family Dollar, McDonald’s, Pizza Hut, Knox Super Wash, and Five Star Marketplace. The site is positioned along S. Heaton Street/U.S. Highway 35 (13,300 VPD). The property benefits from limited competition, as the only Walgreens location within a 15-mile radius. It is near Knox Community High School and the Northwest Health Starke Hospital. The 5-mile trade area is supported by a population of over 9,700 residents and 3,600 employees with an average household income of $73,363. The property size is 14,259 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Walgreens Pharmacy — 1207 S Heaton St, Knox, IN 46534
- CVS — 907 S Heaton St, Knox, IN 46534
- Mitchell A. Herzog, RPH — 1207 S Heaton St, Knox, IN 46534
- COVID-19 Drive-Thru Testing at Walgreens — 1207 S Heaton St, Knox, IN 46534
- Joseph Lark — 1207 S Heaton St, Knox, IN 465342311
Location Insight
- Map
- Local Demand
- City
- Knox
- County
- Starke
- State
- Indiana
- Longitude
- -86.620734
- Latitude
- 41.285727
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Corporate guaranteed Walgreens with 6 years remaining on the lease.
Where is this drug store located?
The property is located at 1207 S Heaton St Knox, IN.
What is the asking price?
The asking price for this property is $2,889,000.
What are key features of this property?
This property features: Corporate guaranteed Walgreens with approximately 6 years remaining on the lease and 10 (5‑year) options to extend, providing stable, long‑term income potential.; NNN lease structure offers a low‑management, passive investment opportunity.; **Strategic location as an outparcel to the Knox Mall, a grocery‑anchored shopping center, providing significant crossover exposure.**
