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535 N Line St
Columbia City, IN 46725
Asking Price
$2.80M
Cap Rate
10.36%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Dark Walgreens | 10.36% CAP | 14,820 SqFt <ul><li><strong>Seller engaged with the tenant in lease buyout discussions. Please contact broker for details.</strong></li><li>±4 years of lease commitment remaining – over $1,100,000 in guaranteed rent over that period. This deal offers a very favorable yield while the purchaser establishes a re-tenanting or redevelopment plan.</li><li>±14,820 SF building on a large ±1.47-acre lot. The property benefits from a dedicated drive-thru lane, pylon signage, and ±33 surface-level parking spaces.<
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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467