Central US
Price:
$ 3,197,376
CAP Rate:
10.00%
NOI:
$ 319,738
Lease Term Remaining Before Options:
6 Years 5 Months
- This is the only Walgreens property on the southwest side of the Missouri River, and the nearest freestanding CVS store is over 70 miles away.
- The lease calls for a 5% increase in October 2026 and a 5% increase at each of the first four options.
- The average household income within a 1-mile and 5-mile radius is approximately ±$75,000.
- The Iowa Economic Development Authority approved the Southbridge Business Park, located 4 miles away, with a $50 million state investment for roads, a 2027 I-29 interchange, utilities, and other infrastructure.
- The market has over 5 million square feet of industrial space, including Tyson Foods' 744,000-square-foot beef packing plant, employing over 4,200 people as one of six Tyson facilities.
- Northeast Community College - South Sioux City Campus, less than 1 mile away, enrolls over 5,500 students in full or part-time classes.
Price:
$ 3,197,376
CAP Rate:
10.00%
NOI:
$ 319,738
Lease Term Remaining Before Options:
6 Years 5 Months
