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Drug Store

ABSOLUTE NNN WALGREENS WITH 12 YEARS BASE TERM REMAINING IN MIDWEST MARKET

345 E 20th St, Dubuque, IA 52001

Listing Price: $6,188,679

Cap Rate
5.30%
Tenant Name
Walgreens
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
14,568
Lease Type
Absolute Net
Rent Per Square Feet
$22.52

Investment Overview

Subject is a Prime 14,568 Square-Foot Walgreens Located on a Signalized Hardcorner, Highly Visible 1.2 Acre Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking

Investment Highlights

  • Extremely Strong Location Fundamentals for Prime Infill, Features Absolute NNN Lease with Zero Landlord Responsibilities
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Parks and Outdoor Recreational Facilities Nearby Include: Swiss Valley Nature Preserve, Dubuque Arboretum & Botanical Gardens, Crystal Lake Cave, McAleece Park, and the Mighty Mississippi

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Drug Store

ABSOLUTE NNN WALGREENS WITH 12 YEARS BASE TERM REMAINING IN MIDWEST MARKET

Listing Price: $6,188,679

Cap Rate
5.30%
Tenant Name
Walgreens
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
14,568
Lease Type
Absolute Net
Rent Per Square Feet
$22.52

Investment Highlights

  • Extremely Strong Location Fundamentals for Prime Infill, Features Absolute NNN Lease with Zero Landlord Responsibilities
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Parks and Outdoor Recreational Facilities Nearby Include: Swiss Valley Nature Preserve, Dubuque Arboretum & Botanical Gardens, Crystal Lake Cave, McAleece Park, and the Mighty Mississippi

Investment Overview

Subject is a Prime 14,568 Square-Foot Walgreens Located on a Signalized Hardcorner, Highly Visible 1.2 Acre Lot with Exceptional Ingress/Egress, Drive-Thru and Ample Parking

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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