Walgreens with Very Strong Sales

  • $3,750,000
1703, Park Avenue, Muscatine, Muscatine County, Iowa, 52761, United States of America

Walgreens with Very Strong Sales

1703, Park Avenue, Muscatine, Muscatine County, Iowa, 52761, United States of America
  • $3,750,000

Overview

Property ID: 18556
  • Property Type
  • Retail Properties

Description

Located at 1703, Park Avenue, Muscatine, Muscatine County, Iowa, the property is adjacent to The Muscatine Mall, having tenants such as Anytime Fitness, Younker’s Department Store and Hibbett Sports. Muscatine is a prosperous city situated along the Mississippi River with a population of over 54,132 and home to companies such as Heinz Company, Monsanto, and Stanley Consultants. This property benefits from the visibility to over 15,400 vehicles daily, and the average household income exceeds $76,000. It is located just 5 minutes away from Muscatine Community College. Riverside Park is just 7 minutes from the subject property with boat launches along the Mississippi River, plus a Popular Bike & Pedestrian Pathway. It is located close to 24-hour Walmart Supercenter, Hy-Vee Supermarket, Aldi, AutoZone, and Menards.

Property Details – 

  • Property Type – Retail Properties
  • Property Status – Available
  • Location – 1703, Park Avenue, Muscatine, Muscatine County, Iowa, 52761, USA
  • Lease Type – Absolute Net Lease
  • Lease Expiration – 8 years 3 months

Details

Updated on April 18, 2020 at 4:52 am
  • Price: $3,750,000
  • Property Type: Retail Properties
  • Property Status: Available
  • Cap Rate: 6.60%
  • Lease Expiration: 8 years 3 months
  • NOI: $247,500
  • Tenant: Walgreens
  • Address 1703, Park Avenue, Muscatine, Muscatine County, Iowa, 52761, United States of America
  • City Muscatine
  • State/county Iowa
  • Zip/Postal Code 52761

Contact Information

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Ronnie Issenberg
  • Ronnie Issenberg

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