Retail    

Walgreens

 Cedar Rapids, IA

Price:

$4,985,000

Cap Rate:

7.14%

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Lease Type

Absolute Net Lease

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Year Built

2009

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Building Size

14,820 SF

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Lot Size

2.18 AC

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Long Operating

History

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Strong

Demographics

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Long-Term, Absolute Net Walgreens | 11 Years Remaining
  • Best-in-Class Tenant with Investment Grade Guaranty
  • Long Operating History | Walgreens has been operating at this site for approximately 15 years
  • Proximity to Collins Aerospace Corporate HQ | A renowned aerospace company that was acquired by Raytheon Technologies for $30 billion in 2017.
  • Close to On/Off Ramps of Interstate 380 | The Property is less than three miles east from the on/off ramps of Interstate 380 (67,000+ VPD).
  • Strong Demographics | 135K+ Pop. & Avg. HH Income $97K+ within a 5-Mile Radius
  • Near Dense Retail Corridor | Close to nationally recognizable tenants, such as Best Buy, T.J. Maxx, Bed Bath & Beyond, Dick’s Sporting Goods, and ALDI.

Exclusively Listed By

Isaiah Harf

Regional Managing Director
  iharf@northmarq.com      +1 773.963.2637

BJ Feller

Senior Vice President & Managing Director
  bfeller@northmarq.com   

Christian Tremblay

Vice President
  ctremblay@northmarq.com   

Mark Lovering

Associate Vice President
  mlovering@northmarq.com   

Jack Collins

Senior Associate
  jcollins@northmarq.com   

Josh Dicker

Associate
  jdicker@northmarq.com   

Robin Borgeson

Associate
  rborgeson@northmarq.com   

Russell Freeman

Analyst
  rfreeman@northmarq.com   

In Association With
Scott Briggs

IA Broker #B67010000

Northmarq

303 E Wacker Dr | Suite 1111
Chicago, Illinois 60601


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