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618 S Main St
North Webster, IN 46555

$2,002,000 USD

Drugstore For Sale  •  10,125 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 10,083 SF
  • Lot Size 1.59 AC
  • Building Class C
  • Year Built 2003
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning Commercial
30 Walk Score

Highlights

Long-Term Absolute Net Lease to Investment Grade Credit
Recent Lease Reset Extending Term Through 2041
Below-Market Rent with Embedded Upside | The property is leased at $100,100 annually ($9.93/SF)
High-Functioning Retail Prototype with Drive-Thru
Seasonal Demand Driven by Webster Lake Tourism 
Significant summer population inflows associated with Webster Lake, driving increased retail demand and supporting store performance beyond base demos

Property Flyers

Cap Rate: 5.00 %

Amenities

  • Corner Lot
  • Waterfront
  • Drive Thru
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 62
Type: Surface
Included in Rent: Yes
Asher Wenig 646-303-9613 SAB Capital
Asher Wenig 646-303-9613 SAB Capital