Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 13,905-square-foot single-tenant drive-through pharmacy (the Property) in Clinton, IA, in which Walgreens has over nine years remaining on its double-net lease. The lease features five 5-year renewal options with a 30 percent rent increase at the beginning of the first option. The Property sits on a 2.06-acre parcel at the 19,300+ AADT signalized intersection of South Fourth Street (U.S. Highways 30 and 67) and Eighth Avenue S. A Hy-Vee supermarket with a Hy-Vee Fast & Fresh fuel station and c-store is situated directly across South Fourth Street. A half-mile from the Mississippi River, the Property is four miles from downtown Fulton, IL, via Eighth Avenue South and the Gateway Bridge (U.S. Highway 30). With its strategic location along the Mississippi River and access to U.S. Highways 30 and 67; Interstate 80 (24.1 miles south); and Union Pacific, CPKC, and BNSF (on the Illinois side) railroads, Clinton has become a hub for manufacturing and industry. Major employers include Archer Daniels Midland (ADM), Nestlé Purina and Lyondell Chemical Company. Founded in 1901, Walgreens operates the second-largest pharmacy chain in the U.S. and merged to form multinational Walgreens Boots Alliance (WBA) in 2014. In March 2025, WBA announced it had entered an agreement to be acquired by private-equity firm Sycamore Partners. In addition to the security of a nine-year lease and significant rent increase in the first renewal option, this exclusive net-lease opportunity offers an investor a large hard-corner parcel across from a supermarket.