Martinsville Walgreens For
For Lease
$12 SF/Yr
25 Bills Boulevard, Martinsville, IN 46151
14,525 SF Walgreens located in Martinsville, Indiana for sale.
Space SizeContact for details
Days on Market293
Property Features for 25 Bills Boulevard
General Information
Standard status
Active
Building Details
Year Built
2003
Listing Agency:
FC Tucker/Bloomington REALTORS
Listed By:
Chris Cockerham · License #RB14027897
(812) 340-3083
Source:
Kmsrealestategroup
Added: Nov 24, 2025
Changed: Sep 12
Last Checked: Sep 12 at 12:21PM
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 FC Tucker/Bloomington REALTORS
Investment Insights
Based on property information with market context.
The 14,525 SF Walgreens property is located at 1900 S Ohio Street in Martinsville, IN. The current lease is an Absolute Net with an expiration date of September 2028. The property is being offered at a 11.43% CAP rate and is in an Opportunity Zone. The property is located directly off HWY I-69, 20 minutes north of Indianapolis and 20 minutes south of Bloomington. Note that the former address was 1900 S Ohio St, Martinsville, IN.
Key Highlights
- Leased to Walgreens (14,525 SF)
- Absolute Net Lease
- 11.43% CAP Rate**
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
174k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 24%
Groceries 19%
Home Improvements & Furnishings 17%
Kroger
Groceries
32,400 visits/mo
0.3 miles
Rural King
Home Improvements & Furnishings
28,439 visits/mo
0.2 miles
Circle K
Shops & Services
28,246 visits/mo
0.2 miles
Culver's
Dining
21,138 visits/mo
0.4 miles
Wendy's
Dining
18,755 visits/mo
0.4 miles
Demographics for 46151, IN
32,335
Population
13,366
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
203.6 sq mi
ZIP Area
159
Density / Sq Mi
$77,724
Median Household Income
$45,426
Median Earnings
$978
Median Rent
$219,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Walgreens Pharmacy — 25 Bill's Blvd, Martinsville, IN 46151
- Terry Vanwinkle — 1900 S Ohio St, Martinsville, IN 461513322
- Chasity Anderson — 1900 S Ohio St, Martinsville, IN 461513322
- COVID-19 Drive-Thru Testing at Walgreens — 1900 S Ohio St, Martinsville, IN 46151
- Kathryn Resler — 1900 S Ohio St, Martinsville, IN 461513322
Frequently Asked Questions
What type of property is this?
Drug store - 14,525 SF Walgreens located in Martinsville, Indiana for sale.
Where is this drug store located?
The property is located at 25 Bills Boulevard Martinsville, IN.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Leased to Walgreens (14,525 SF); Absolute Net Lease; 11.43% CAP Rate**
