301 W Bennett Ave - Drug Store FOR SALE
Council Bluffs, IA 51503 |
$4,098,941 USD
925-549-1155
301 W Bennett Ave
Council Bluffs, IA 51503
HIGHLIGHTS
- CORPORATE GUARANTEE – Rent is guaranteed by Walgreens Corporate, Ranked #27 on the Fortune 500 list as of January 2025.
- ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive and secure investment.
- EXCELLENT VISIBILITY & TRAFFIC COUNTS – This Walgreens is easily seen as it is situated on the hard corner of Madison Ave and Bennett Ave
- NEWLY DEVELOPED MENARDS – Adjacent to this Walgreens is the Newly Developed 43 acre Menards Superstore which finished construction in 2023.
- NEARBY STRONG RETAIL CORRIDOR– Including Menards, Chase Bank, Hyvee Grocery Store, Starbucks, McDonalds, U.S. Bank, Planet Fitness, Taco Bell, Chase B
- LONG TERM OPERATING HISTORY & EARLY EXTENSION – Walgreens has operated at this location since 2001 and had previously elected to extend the lease in 2
FOR SALE DETAILS
PRICE
$4,098,941 USD
PRICE/SF
$288 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WALGREENS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
1.66 AC
LAND SF
72,310 SF
ZONING
C-2
APN/PARCEL ID
7443-06-207-001
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925-549-1155
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925-549-1155
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