345 E 20th St - Drug Store FOR SALE


Dubuque, IA 52001
$3,644,444 USD
513-300-0763
345 E 20th St, Dubuque, IA for Sale
$3,644,444 USD
Drug Store - FOR SALE
1/3
null | 9% Cap Rate

345 E 20th St
Dubuque, IA 52001


HIGHLIGHTS

  • 2 Walgreens locations that are situated W of Dubuque's downtown area. This location serves E Dubuque with the next closest store 18 mi away to the E.
  • MercyOne Dubuque Medical Center (263 Beds-1,500 Employees) & UnityPoint Health-Finley Hospital (126 Beds-940 Employees) within 2 miles.
  • 1.5 miles E, Schmidt Island has begun development on a 7-story 90-room hotel, an outdoor concert amphitheater, and a PinSeekers (2026 completition).
  • September of 2024, Kinseth Hospitality Company purchased a 13-acre lot to build two-connected Marriott hotels for a combined 160 hotel rooms.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 345 East 20th Street, Dubuque, IA 52001 ("The Property"). Walgreens has been operating at this location for over 16 years and has approximately 9 years of firm term remaining before the option periods. The Property in an absolute net lease with no landlord obligations whatsoever. This high-performing location reports above-average sales, reinforcing its role as a vital pharmacy provider for East Dubuque. It is the only Walgreens serving the eastern portion of the city, with the next closest store located roughly 18 miles to the east. The Property is situated less than two miles from two major healthcare institutions, MercyOne Dubuque Medical Center (263 beds, 1,500 employees) and UnityPoint Health-Finley Hospital (126 beds, 940 employees) driving consistent consumer demand. The surrounding area is experiencing significant growth, highlighted by the $300 million Schmidt Island development just 1.5 miles east, which will include a seven-story hotel, outdoor amphitheater, and PinSeekers golf entertainment venue, all scheduled to open by the end of 2026. Additionally, Kinseth Hospitality Company has purchased a nearby 13-acre site for two connected Marriott hotels totaling 160 rooms, also expected to be completed by late 2026.

FOR SALE DETAILS

PRICE

$3,644,444 USD

PRICE/SF

$250 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strong Performing Location $300M Development

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C-2

APN/PARCEL ID

10-24-215-028

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.