Crawfordsville, IN
- Absolute net lease with 6.75 years of term remaining, 10 (5-year) options and no landlord responsibilities. Walgreens is reporting a history of solid store sales at this location.
- Existing CMBS non-recourse financing is assumable, debt matures 10/6/26, current balance is $4,200,000 at 4.53% rate.
- CVS is located directly across the street making this a strategic corner for both Walgreens and CVS. No Other Walgreens for 22 Miles.
- Located in the heart of Crawfordsville at the main intersecting roads in the city, North Washington St. and W. Market St. Subject property is approximately two miles south of two medical facilities.
PPG is pleased to present the opportunity to purchase a Walgreens in Crawfordsville, Indiana. The lease is on an absolute net basis with 6.75 years of primary lease term remaining, ten (5-year) options and no landlord responsibilities whatsoever. Income guaranteed by Walgreens corporation with nearly 8,900 locations. Walgreens is reporting a history of solid store sales at this location.
Existing financing is assumable allowing for a safe and simple closing process for a buyer. Current debt is set to mature in October 6, 2026 and has a current balance of $4,200,000 at an 4.53% interest rate. Current monthly debt service is $24,053 and cash flow after debt service is $7,191 monthly or $86,302 annually. The loan is 100% non-recourse and there is a 1% assumption fee payable by the buyer. This property can also be purchased free and clear of debt.
There is a CVS located directly across the street from the subject property making this a strategic corner for both Walgreens and CVS. These are the only two national brand drugstores in Crawfordsville. The nearest Walgreens and CVS are both over 22 miles away.
The subject property is located in the heart of Crawfordsville at the main intersecting roads in the city, North Washington Street and West Market Street. Subject property is approximately two miles south of two medical facilities. Franciscan Health Crawfordsville is a 103 bed hospital offering a variety of in and outpatient services including 24/7 emergency and cancer care. Wellbrooke Senior Living is a short term rehabilitation facility that offers state-of-the-art services including speech, physical and occupational therapies.
