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3700 National Road East
Richmond, IN 47374
Asking Price
$4.00M
Cap Rate
8.75%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Retail | 8.75% CAP | 14,729 SqFt <ul><li>Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.</li><li>Situated on US-40 / National Road E with estimated 30,000+ vehicles per day.</li><li>No other Walgreens within 12.4 miles; no CVS within 3 miles.</li><li>Approximately 1.9 million sq. ft. of retail within 1 mile, including Walmart, Menards, ALDI, AMC Theatres, Harbor Freight, Tractor Supply, Dillard’s, Dick’s Sporting Goods, and Best Buy.</li><li>Large 1.94-acre site providing strong vi
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NOI
$80,000
Cap Rate
2.00%
DSCR
0.34
Underwater
Cash-on-Cash
-13.12%
Monthly Payment
$19,789.818
Annual Cash Flow
$-157,477.81
