301 W Bennett Ave - Drug Store FOR SALE
Council Bluffs, IA 51503 |
$4,887,200 USD
925-549-1155
301 W Bennett Ave
Council Bluffs, IA 51503
HIGHLIGHTS
- Corporate Guarantee – Rent is secured by Walgreens Corporate, providing investors with the backing of a nationally recognized, creditworthy tenant and
- Absolute NNN Lease – The property is structured as an absolute triple-net lease with zero landlord responsibilities. This makes it an ideal option for
- Rare Rental Increases – Unlike most Walgreens and CVS leases, which often feature flat rent, this agreement includes 5% increases every five years. Th
- Excellent Visibility & Traffic Counts – Positioned on the hard corner of Madison Ave and Bennett Ave, the property offers excellent visibility and acc
- Newly Developed Menards – Directly adjacent to the Walgreens is a ±43-AC Menards Superstore, completed in 2023. This major retail anchor generates sig
- Strong Retail Corridor – The property benefits from a thriving retail environment, with nearby tenants including Menards, Chase Bank, Hy-Vee, Starbuck
FOR SALE DETAILS
PRICE
$4,887,200 USD
PRICE/SF
$343 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
1.66 AC
LAND SF
72,310 SF
ZONING
C-2
APN/PARCEL ID
7443-06-207-001
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925-549-1155
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925-549-1155
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