1900 Ohio St Martinsville, IN 46151
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 1900 Ohio St
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Martinsville
- County
- Morgan
- State
- Indiana
- Longitude
- -86.4242
- Latitude
- 39.4084
