301 Bennett Ave, Council Bluffs, IA 51503 For Sale

Corporate Guarantee – Rent is secured by Walgreens Corporate, providing investors with the backing of a nationally recognized, creditworthy tenant and ensuring a dependable income stream.

Absolute NNN Lease – The property is structured as an absolute triple-net lease with zero landlord responsibilities. This makes it an ideal option for investors seeking a secure, long-term, and truly passive investment.

Rare Rental Increases – Unlike most Walgreens and CVS leases, which often feature flat rent, this agreement includes 5% increases every five years. These scheduled escalations help long-term value and provide built-in income growth.

Excellent Visibility & Traffic Counts – Positioned on the hard corner of Madison Ave and Bennett Ave, the property offers excellent visibility and accessibility, supported by combined daily traffic counts of approximately ±20,500 vehicles.

Newly Developed Menards – Directly adjacent to the Walgreens is a ±43-AC Menards Superstore, completed in 2023. This major retail anchor generates significant customer traffic and enhances the strength of the surrounding trade area.

Strong Retail Corridor – The property benefits from a thriving retail environment, with nearby tenants including Menards, Chase Bank, Hy-Vee, Starbucks, McDonald’s, U.S. Bank, Planet Fitness, Taco Bell, Burger King, and Tommy’s Express Car Wash. This diverse tenant mix drives consistent consumer demand.

Long-Term Commitment – Walgreens has successfully operated at this location since 2001, demonstrating strong store performance. The tenant’s recent 15-year lease extension underscores their long-term confidence in the site.

Omaha MSA – Located in Council Bluffs, just across the Missouri River from Omaha, the property is part of a growing metropolitan area with a population exceeding 860,000 as of 2024, ensuring a stable and expanding consumer base.