Walgreens | Gary, IN 2500 Grant Street
Gary, IN 46404
For Sale
14,820 sqft
Sale Price
$3,670,000








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Retail For Sale
7.50% CAP | ABSOLUTE TRIPLE NET (NNN) | 14,550 SF
CORPORATE GUARANTEE FROM WALGREENS | The lease is corporately guaranteed by Walgreens Boots Alliance, the second largest pharmacy retail chain in the United States. It specializes in filling prescriptions, health and wellness products, health information, and photo services. Walgreens operates 9,000+ locations and has annual revenue exceeding $139 billion, making it one of the ten largest retailers in the country.
PROXIMITY TO MAJOR TRAFFIC ARTERY | Walgreens is located right next to a point of entry along Interstate-94, a vital transportation link connecting Chicago with nearby states and metros such as Milwaukee, Detroit, and Minneapolis. In this area, Interstate-94 sees daily traffic counts of 178,595 vehicles per day, providing the subject property with unparalleled exposure to a high volume of potential customers.
ROBUST SALES – ABOVE NATIONAL AVERAGE | The subject property stands out with its strong sales performance, consistently surpassing the national average for Walgreens. This track record offers an investor an added level of confidence, highlighting the store’s strong performance in the market. Please contact agent for details.
GARY/CHICAGO INTERNATIONAL AIRPORT | The Gary/Chicago International Airport is a 15-minute drive from the subject property. Gary/Chicago is a joint civil-military public airport capable of serving general aviation, corporate, commercial and cargo users. Just 25 miles from downtown Chicago, it is considered the “third” airport of the Chicago MSA, after O’Hare and Midway.
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Matthew Gray
MG
Scott Budzenski
Lic: 01989360
SB
ABSOLUTE TRIPLE NET (NNN) LEASE
The property is subject to an Absolute Triple Net (NNN) lease with over 6.5 years remaining on the lease, resulting in zero landlord management responsibilities. The tenant is responsible for taxes, insurance, and
all maintenance & repairs at the property, including roof and structure, providing a totally passive ownership structure for an investor.
The property is subject to an Absolute Triple Net (NNN) lease with over 6.5 years remaining on the lease, resulting in zero landlord management responsibilities. The tenant is responsible for taxes, insurance, and
all maintenance & repairs at the property, including roof and structure, providing a totally passive ownership structure for an investor.
EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE
The subject property benefits from its location on the hard, signalized corner of Grant St & W 25th Ave, which has combined daily traffic counts of 28,882 vehicles per day at the intersection. The property also features a dedicated drive-thru, which adds a meaningful level of convenience to the customer experience while also substantially increasing location sales.
The subject property benefits from its location on the hard, signalized corner of Grant St & W 25th Ave, which has combined daily traffic counts of 28,882 vehicles per day at the intersection. The property also features a dedicated drive-thru, which adds a meaningful level of convenience to the customer experience while also substantially increasing location sales.
Total Space Available
14,820 sqft
Sale Price
$3,670,000
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Matthew Gray
MG
Scott Budzenski
Lic: 01989360
SB