1900 Ohio St Martinsville, IN 46151
This exceptional investment opportunity presents a 14,525 square foot Walgreens, situated at 1900 S Ohio St, Martinsville, IN 46151. The property boasts a 100% occupancy rate with a strong franchisee tenant under an absolute NNN lease, ensuring minimal landlord responsibilities. The asking price is $3,450,000, offering a compelling 9.42% capitalization rate. Strategically located directly off Highway I-69, this property benefits from high visibility and convenient access. Its prime location also provides easy access to both Indianapolis (approximately 20 minutes north) and Bloomington (approximately 20 minutes south), ensuring a robust customer base. The single-building property is classified as retail and specifically as a pharmacy/drug store. This is a rare opportunity to acquire a stable, high-yielding investment in a desirable location with a nationally recognized tenant. The property's strong performance and favorable lease terms make it an attractive addition to any investment portfolio. The property is located in Morgan County, Indiana.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.