Single-Tenant Walgreens with
For Sale
Contact for pricing
1215 Main Street, Keokuk, IA 53632
15,120 SF Walgreens pharmacy with drive-through on a hard corner at a signalized intersection in Keokuk, Iowa.
Property Size15,120 SF
Days on Market124
Property Features for 1215 Main Street
General Information
Standard status
Active
Size
15,120 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
(317) 218-5329
Listed By:
Nathan Whalen · License #IN AB21402364
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a single-tenant Walgreens pharmacy for sale in Keokuk, Iowa. The property is a drive-through location and includes a liquor license. The current double-net corporate lease has 9+ years remaining, with seven, five-year renewal options available at the same rent. The lease is guaranteed by Walgreen Co. and requires the tenant to directly pay real estate taxes, insurance, utilities, and common area maintenance, including the parking lot, plus repair or replacement of the HVAC unit. The landlord is responsible for the roof and structural components of the building, or full replacement of the parking lot.
The building is positioned as a hard corner at a signalized intersection. It is about 1 mile from the only Walmart Supercenter within 30 miles, and it is the only drug store (Walgreens/CVS/Rite Aid) within a 20-mile radius.
The building is positioned as a hard corner at a signalized intersection. It is about 1 mile from the only Walmart Supercenter within 30 miles, and it is the only drug store (Walgreens/CVS/Rite Aid) within a 20-mile radius.
Key Highlights
- Single‑tenant 15,120 SF Walgreens Pharmacy in Keokuk, Iowa.
- Walgreens renewed more than 3 years early; 9+ years remaining on the current lease term.
- Lease includes seven, five‑year renewal options at the same rent; double‑net corporate lease guaranteed by Walgreen Co.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Apparel 10%
Shops & Services 3%
Home Improvements & Furnishings 1%
McDonald's
Dining
23,950 visits/mo
0.2 miles
Wendy's
Dining
9,756 visits/mo
0.3 miles
SUBWAY
Dining
4,872 visits/mo
0.3 miles
Goodwill
Apparel
4,797 visits/mo
0.0 miles
Domino's Pizza
Dining
1,697 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Eric Michaelsen, RPH — 1215 Main St, Keokuk, IA 52632
- David W. Forry, RPh — 420 N 17th St, Keokuk, IA 52632
- Walgreens Pharmacy — 1215 Main St, Keokuk, IA 52632
- COVID-19 Drive-Thru Testing at Walgreens — 1215 Main St, Keokuk, IA 52632
Frequently Asked Questions
What type of property is this?
Drug store - 15,120 SF Walgreens pharmacy with drive-through on a hard corner at a signalized intersection in Keokuk, Iowa.
Where is this drug store located?
The property is located at 1215 Main Street Keokuk, IA.
What are key features of this property?
This property features: Single‑tenant 15,120 SF Walgreens Pharmacy in Keokuk, Iowa.; Walgreens renewed more than 3 years early; 9+ years remaining on the current lease term.; Lease includes seven, five‑year renewal options at the same rent; double‑net corporate lease guaranteed by Walgreen Co.
