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29306142
29306143

12 Locations

BW
IA S33231000
CBRE - Des Moines
CBRE - Des Moines
CBRE - Des Moines
DL
IA S69609000
CBRE - Des Moines
Listed by CBRE - Des Moines
$9,031,215
137 days on market
Updated 39 days ago

Medicap Pharmacy Portfolio

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 24,450
Cap Rate 8.22%
Occupancy 100%
Brand/Tenant Medicap
Lease Type NNN
Pro-Forma Cap Rate 7.95%
Price per SqFt $369
Buildings 12
Investment Type Net Lease
Ground Lease No

11 PROPERTY PHARMACY PORTFOLIO + STAND ALONE SCOOTER’S GROUND LEASE

Marketing description

CBRE is pleased to present the opportunity to

acquire a portfolio of twelve freestanding retail

properties, 11 of which are secured by NNN

leases to OneroRX, Inc. (operating as Medicap

Pharmacy), and an additional leased to Loving

Cup, LLC (operating as Scooter’s Coffee). This

portfolio offers stable, predictable cash flow

supported by a well established tenant with a

strong regional presence as well as separately

leased land parcel occupied by Scooter’s Coffee,

providing investors with added diversification

and a passive, land lease revenue stream.

Collectively, this portfolio represents a chance to

secure a mix of essential service retail assets, all

backed by NNN lease structures that minimize

landlord responsibilities and enhance long term

investment stability.

Investment highlights

11 Pharmacies & 1 Scooter’s Coffee Land Lease

Essential Services Retailer

NNN Leases

Ideal Properties for a 1031 Exchange

Cap Rate - 8.22%

WALT - 4.36 Years (Medicaps Only)

To access our offering memorandum, please visit:

https://www.cbredealflow.com/handler/modern.aspx?pv=m1G1tYEk0ODeCLRhcgZuaE4VlrcGA9xeRSDPqEDl0NpIRYmXUtPiCA79VdxVJgBHotcocVz_sB609WiRSiva3g

Listing Contacts

BW
IA S33231000
CBRE - Des Moines
CBRE - Des Moines
CBRE - Des Moines
DL
IA S69609000
CBRE - Des Moines
Listed by CBRE - Des Moines

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