Midwestern US

Price: $ 3,730,200
CAP Rate: 10.00%
NOI: $ 373,020
Lease Term Remaining Before Options: 4 Years
Investment Highlights
  • Across the street from the property, Allen Hospital is a 204-bed hospital serving the greater Cedar Valley market.
  • There is over 5.8M sf of industrial space within 3 miles of the property, with a vacancy rate below 1%.
  • This Walgreens is the only Walgreens north of Cedar River in Waterloo for over 15 miles.
  • The lease calls for a 5% increase in the first four options.
  • Close proximity to the John Deere Tractor Major Operations Center & Tyson Foods Fresh Meats processing facility.
Offering Summary
Price: $ 3,730,200
CAP Rate: 10.00%
NOI: $ 373,020
Lease Term Remaining Before Options: 4 Years