Search Results for 

6200 Merle Hay Road, Johnston, IA

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
6200 Merle Hay Road

Johnston, IA 50131-1225 - Western Suburbs Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2001
Building Size:14,116 SF Land Area:2.54 AC (110,642 SF)
For Sale Price:$4,352,000 Price/SF:$308.30
Cap Rate:6.25 %
Parking:Free Surface spaces are available; Ratio of 2.83/1,000 SF
Features:Pylon Sign, Signalized Intersection, Drive Thru

Sale Notes:
Walgreens Net Leased Offering
Minimal Landlord Responsibilities
S&P Rated BBB Investment Grade Credit
Corporate Guaranty - NASDAQ: WBA
Well Situated in a Major Retail Trade Area Near Large Merle Hay Mall
Excellent Store Sales
The subject offering is a fee simple interest in a net leased Walgreens. There are over 6 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 a trophy Des Moines location with high income demographics.
Johnston is a city in Polk County, Iowa. The population was 17,278 in the 2010 census, an increase of almost 100% from the 8,649 population in the 2000 census. It is part of the Des Moines West Des Moines Metropolitan Statistical Area. Johnston is the location of the headquarters of Pioneer Hi-Bred Seeds, Iowa Public Television, and The Gardeners of America/Men' s Garden Clubs of America. Also located here are the Camp Dodge Military Reservation as well as the Paul J. and Ida Trier House, a private residence designed by famous architect Frank Lloyd Wright.

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

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">6200 Merle Hay Road, Johnston, IA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234