Walgreens | 320 S Scatterfield Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walgreens 320 S Scatterfield Rd
14,418 SF Retail Building Anderson, IN 46012 £4,007,500 (£278/SF) 6% Net Initial Yield
Investment Highlights
- Leased to Walgreens on an absolute net lease; zero landlord responsibilities
- Highly visible site featuring pylon signage, surface parking lot, and drive-thru lane
- Surrounded by national tenants including Dollar General, Advance Auto Parts, Dunham’s Sports, Marco’s Pizza, Taco Bell, Wendy’s, McDonald’s, and more
- Corporate guarantee; Investment grade tenant (S&P: BBB)
- Placed in high traffic corridor of Anderson at a signalized intersection along Scatterfield Rd. which sees approximately 24,886 VPD
Executive Summary
Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a 14,418 square foot single-tenant retail building located at 320 S Scatterfield Rd., Anderson, IN. The free-standing building is leased to Walgreens (S&P: BBB) and is on an absolute net lease, which expires in July of 2029 and features (10) 5-year options. The building was originally constructed in 2004 and sits on approximately 1.38 acres of land. The property features pylon signage, a drive-thru lane, and a surface parking lot with over 30 parking spaces.
The site benefits from excellent visibility being located directly on the major north/south retail thoroughfare of Scatterfield Rd., which sees over 24,886 VPD. The asset is located in a middle-class area, with over 70,670 residents and an average household income of $63,300 within 5 miles of the site. Additionally, the property is located less than half a mile from Anderson University, a private 4-year university with an enrollment of over 1,900 students and faculty. Notable surrounding national tenants include: Dollar General, Advance Auto Parts, Dunham’s Sports, Marco’s Pizza, Taco Bell, Wendy’s, McDonald’s, and more.
The site benefits from excellent visibility being located directly on the major north/south retail thoroughfare of Scatterfield Rd., which sees over 24,886 VPD. The asset is located in a middle-class area, with over 70,670 residents and an average household income of $63,300 within 5 miles of the site. Additionally, the property is located less than half a mile from Anderson University, a private 4-year university with an enrollment of over 1,900 students and faculty. Notable surrounding national tenants include: Dollar General, Advance Auto Parts, Dunham’s Sports, Marco’s Pizza, Taco Bell, Wendy’s, McDonald’s, and more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,418 SF
Building Class
B
Year Built
2004
Price
£4,007,500
Price Per SF
£278
Net Initial Yield
6%
NOI
£240,300
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
1.38 AC
Zoning
Commercial
Parking
55 Spaces (4.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 48-12-08-302-150.000-003 | Improvements Assessment | £736,899 |
| Land Assessment | £230,832 | Total Assessment | £967,731 |
PROPERTY TAXES
Parcel Number
48-12-08-302-150.000-003
Land Assessment
£230,832
Improvements Assessment
£736,899
Total Assessment
£967,731
1 of 20
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | 320 S Scatterfield Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.