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NNN Retail Property with Drive-Through
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1300 Wabash Ave, Terre Haute, IN 47807

Corporate-backed pharmacy property with signalized-corner access, a drive-thru, and established retail neighbors.

Property SizeContact for details
Days on Market142

Property Features for 1300 Wabash Ave

General Information

Standard status Active
Property subtype Retail

Site & Location

Corner Location Yes
Drive-Thru Yes

Building Details

Buildings 1
Listing Agency: SRS Real Estate Partners Chicago
Listed By: Sean Lutz · License #IL 475132482
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 30 at 10:58AM

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 Chicago

Investment Insights

Based on property information with market context.

This fee-simple retail property is leased to Walgreen Co. under an NN lease signed by the corporate entity, which carries an S&P BBB rating. The lease was extended by 10 years and includes 6 additional 5-year options. The building includes a drive-thru pharmacy, while landlord responsibilities are limited to the structure, roof, exterior utility lines, and parking lot.

Located at 1300 Wabash Ave in Terre Haute, the property occupies the signalized intersection of Wabash Avenue and N. 13th Street, where combined traffic averages 32,800 vehicles per day. The surrounding retail corridor includes Kroger, O’Reilly Auto Parts, Dollar General, Aldi, Meijer, and Walmart Supercenter. Indiana State University is within walking distance, and Rose-Hulman Institute of Technology is less than four miles east. The 5-mile trade area includes 73,273 residents and 48,726 daytime employees.

Key Highlights

  • 10‑year lease extension with 6 additional 5‑year options
  • Corporate lease signed by Walgreen Co.; S&P BBB rating
  • Drive‑thru pharmacy included

Property Analytics

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Cardtronics ATM Atm Redbox Cinema FedEx OnSite Postal Service Walgreens Pharmacy

Suggested Use

Top Pick Garden Center Kitchen & Bath Showroom Furniture & Home Goods Bakery (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

845
Businesses Nearby
59k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 65% Dining 28% Groceries 4% Home Improvements & Furnishings 2%
Speedway Shops & Services
14,160 visits/mo 0.2 miles
Phillips 66 Shops & Services
11,985 visits/mo 0.4 miles
Marathon Shops & Services
7,791 visits/mo 0.4 miles
Jimmy John's Dining
6,055 visits/mo 0.3 miles
Papa John's Pizza Dining
4,740 visits/mo 0.1 miles

Demographics for 47807, IN

12,063
Population
6,805
Households
1.8
Avg Household Size
29
Median Age
13%
College-Educated
82%
High-School Grad
3.8 sq mi
ZIP Area
3,174
Density / Sq Mi
$24,389
Median Household Income
$15,611
Median Earnings
$910
Median Rent
$58,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Corporate-backed pharmacy property with signalized-corner access, a drive-thru, and established retail neighbors.
Where is this nnn property located?
The property is located at 1300 Wabash Ave Terre Haute, IN.
What are key features of this property?
This property features: 10‑year lease extension with 6 additional 5‑year options; Corporate lease signed by Walgreen Co.; S&P BBB rating; Drive‑thru pharmacy included
(312) 279-5345 Call to check price and availability
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