330 State Blvd Fort Wayne, IN 46808-3135

This exceptional investment opportunity presents a 14,405 square foot Walgreens located at 330 W State Blvd, Fort Wayne, Indiana, 46808. The property features a highly desirable absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ:WBA), ensuring consistent cash flow. The lease commenced October 1, 2002, and has a remaining term of approximately 8 years, extending to October 31, 2032, with ten 5-year renewal options. The property boasts a strong 8.50% cap rate and a net operating income (NOI) of $379,800, with an asking price of $4,468,235 ($310.19 per square foot). Situated on a hard corner location, this Walgreens benefits from high visibility and traffic, experiencing 17,513 vehicles per day. The property is conveniently located 1.5 miles from downtown Fort Wayne and is surrounded by complementary businesses including Burger King, Arby's, Dairy Queen, Kroger, Dollar Tree, and Pizza Hut. The seller is offering attractive financing options, providing 50% LTV financing. This is a rare opportunity to acquire a stable, high-performing Walgreens property in a thriving market with a strong tenant and significant remaining lease term. The property is 100% occupied. This investment is further enhanced by the strong demographics of the area, with 188,000 residents within a 5-mile radius.