Elkhart, IN

• Walgreens has operated at this location for over 17 years with 8 years of firm lease on an absolute net lease.
• Within a 5 mile and 10 mile radius there is approximately 75,000 residents and 175,000 residents respectively.  Average household incomes range from $70,000 to $80,000 in a 5 mile radius.
• There are a total of 29 hotels within a 1-mile radius of the property (2,056 rooms) including Garden Inn (145 rooms), Baymont Inn & Suites (123 rooms), and Daylite Inn (120 rooms).
• Located along Elkhart’s main commercial corridor with 24,246 vehicles per day, surrounded by national retailers including Walmart, Meijer, Lowe’s and Menards.
• Citywide revitalization efforts include the $300M+ ASPIRE  Elkhart initiative, River District transformation, and business park expansion, supporting long-term growth.
• Immediate connectivity to the Indiana Toll Road (I-80/I-90) allows easy access to South Bend, Chicago, and the greater Midwest.

We are pleased to present for sale the Walgreens property located at 3551 Cassopolis St, Elkhart, IN 46514 ("The Property"). Walgreens has operated at this location for over 17 years and currently has more than 8 years of firm lease term remaining. The lease is structured as an absolute triple net (NNN) lease, with no landlord responsibilities.

The Property is strategically positioned along Cassopolis Street (IN-19), a major north-south arterial that connects directly to the I-80/90 Indiana Toll Roa. The site benefits from 24,246 combined vehicles per day, high visibility, and convenient ingress/egress. This corridor serves as a primary commercial hub in Elkhart, surrounded by established national retailers including Walmart Supercenter, Meijer, Lowe’s and Menards.

Elkhart is currently undergoing a major revitalization, with more than $300 million in public and private investment committed to infrastructure, housing, and mixed-use development. Key initiatives include the ASPIRE Elkhart plan, the River District transformation, and ongoing business park expansions—all of which contribute to the city’s growing economic base and long-term sustainability.

The property also benefits from its proximity to 29 hotels within a 1-mile radius (2,056 rooms), including Garden Inn (145 rooms), Baymont Inn & Suites (123 rooms), and Daylite Inn (120 rooms). Located just 1.5 miles north, Simonton Lake spans over 300 acres and is a well-known year-round destination for boating, fishing, and recreation, drawing thousands of visitors annually.