Walgreens
Retail | 8.00% CAP | 14,820 SF
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Walgreens located at 5750 C Ave NE in Cedar Rapids, Iowa (the “Property”). The Property consists of a 14,820-square-foot freestanding retail building, on a 2.18-acre parcel of land. Walgreens is operating under the original 25-year absolute net lease with zero landlord responsibilities. The lease has more than 9 years of base term remaining, along with options that permit Walgreens to occupy the Property until 2084. See lease abstract for full details.
Investment highlights
Long-Term, Absolute Net Walgreens Lease with Predictable Cash Flow
Fantastic Location within Cedar Rapids in a Thriving Community
Long Operating History – Great Reported Sales
Proximity to Collins Aerospace Corporate HQ
Close to On/Off Ramps of Interstate 380 with Strong Demographics
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