Marcus & Millichap is pleased to present for sale this Walgreens located at 830 Middle Road in Bettendorf, Iowa. Located at the hard corner signalized intersection of East Kimberly Street and Middle Road, this property experiences traffic counts in excess of 32,000 Vehicles Per Day. This 14,490 Square Foot Walgreens is situated on a large 1.54 Acre Parcel of Land in front of a Home Depot and Schnucks Grocery Store. This Walgreens has very strong store sales and has very high lease renewal probability. Retailers in the immediate area include The Home Depot, Hobby Lobby, Schnucks, Marshalls, Starbucks and Mcdonalds. This Walgreens is situated a quarter mile from the I-74 Highway Exit to Middle Road. I-74 is a major north south Highway connecting Iowa and Illinois and has traffic counts in excess of 60,000 Vehicles Per Day.
Bettendorf is the 15th largest city in Iowa and is located in the “Quad City” Metro Area and borders Davenport. Genesis Medical Center in Davenport with 550 Beds is located just two miles down the street from this Walgreens. Walgreens (NYSE: WBA) is a publicly traded company with an S&P Credit Rating of BBB and is ranked #17 in the Fortune 500 (2019). Some financial highlights include 2018 Revenues of $131.537 billion and 2018 Net Profits of $5.024 billion. Walgreen Co. operates over 8,200 stores in all 50 states, the District of Columbia, Puerto Rico and Guam. The company also operates worksite health centers, home care facilities, and specialty and mail service pharmacies.