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3910 University Avenue - Walgreens, Waterloo, IA

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3910 University Avenue - Walgreens

Waterloo, IA 50701-5642

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1995
Building Size:13,422 SF Land Area:1.09 AC (47,480 SF)
For Sale Price:$2,770,833 Price/SF:$206.44
Cap Rate:6.00 %

Sale Notes:
The subject offering is a fee simple interest in a net leased Walgreens. There are over 9 years remaining on the initial 20 year lease, with the lease calling for minimal landlord obligations. The tenant has eight 5 year options to renew. The subject property is well situated on a major commercial thoroughfare, approximately 3.5 miles from the University of Northern Iowa campus.

Waterloo is a city in and the county seat of Black Hawk County, Iowa. As of the 2010 United States Census the population decreased by 0.5% to 68,406; a recent 2011 Census estimates the population at 68,653, making it the sixth-largest city in the state. Waterloo is part of the Waterloo Cedar Falls Metropolitan Statistical Area, and is the more populous of the two cities

SVN The Kase Group
Jacob Abusharkh
(925) 231-1770

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