Listing Agency: Encore Real Estate Investment Services r***@encorereis.com Show Phone

Listed By: Brent Hanna · License #MI 6501393688

Source: Crexi

Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 4:23PM

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Investment Insights

Based on property information with market context.

The property is a Walgreens drugstore investment at 1400 Cassopolis St in Elkhart, Indiana. It is offered with an absolute net lease structure, placing the asset within the NNN property category.

The site occupies a corner position and is located 2.5 miles from a 357-bed hospital. The offering reflects a 7.35% CAP rate.

Key Highlights

• Walgreens drugstore property at 1400 Cassopolis St, Elkhart, IN 46514
• Absolute net lease structure
• 7.35% CAP rate

Property Analytics

Property Profile

Current Use

Walgreens Photo (Bike/Boat/Book/etc) Store Cardtronics Atm Mary E. Swihart, ... Pharmacy Redbox Cinema FedEx OnSite Postal Service

Suggested Use

Top Pick Big Box & Wholesale Store HVAC Service Real Estate Agency Dental Office Kitchen & Bath Showroom Law Firm

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

387

Businesses Nearby

Explore this area Business Placement

Demographics for 46514, IN

42,048

Population

17,987

Households

2.3

Avg Household Size

39

Median Age

21%

College-Educated

86%

High-School Grad

38.7 sq mi

ZIP Area

1,087

Density / Sq Mi

$61,784

Median Household Income

$40,909

Median Earnings

$1,084

Median Rent

$170,900

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

NNN property - Freestanding drugstore investment with an absolute net lease structure.

Where is this nnn property located?

The property is located at 1400 Cassopolis St Elkhart, IN.

What are key features of this property?

This property features: Walgreens drugstore property at 1400 Cassopolis St, Elkhart, IN 46514; Absolute net lease structure; 7.35% CAP rate