535 N Line St, Columbia City, IN, 46725
Dark Walgreens
Key Information
Highlights
• Seller engaged with the tenant in lease buyout discussions. Please contact broker for details.
• ±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.
• ±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.
• Highly visible location with strong retail synergy, located near multiple national retailers including ALDI, Starbucks, CVS, and a Walmart Supercenter directly across the street.
• About 30 minutes from Fort Wayne, the property is located just off US Hwy 30, which sees 27,300 VPD at the intersection.
• General Business Zoning (GB), which allows for a multitude of different uses with very few restrictions. Reach out to broker for more details.
• High-quality construction – The property features high-quality brick construction and was completed in 2004 to Walgreens-specific development standards.
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