Net-Leased Drug
For Sale
Contact for pricing
6200 Merle Hay Road, Johnston, IA 50131
Fee simple interest in a net leased Walgreens with minimal landlord obligations and multiple lease renewal options.
Property SizeContact for details
Days on Market121
Property Features for 6200 Merle Hay Road
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
(415) 269-2474
Listed By:
Jacob Abusharkh · License #CA 01385529
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 3:15AM
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 The Kase Group
Investment Insights
Based on property information with market context.
Fee simple interest being offered in a net leased Walgreens. The initial 20-year lease has more than 6 years remaining, and the lease calls for minimal landlord obligations. The tenant has eight 5-year renewal options.
The property is located on a major commercial thoroughfare and is presented as having a corporate guarantee. The tenant is described as S&P rated BBB, and the offering remarks cite strong store sales and high income demographics supporting the location.
The property is located on a major commercial thoroughfare and is presented as having a corporate guarantee. The tenant is described as S&P rated BBB, and the offering remarks cite strong store sales and high income demographics supporting the location.
Key Highlights
- Fee simple interest in a net leased Walgreens
- More than 6 years remaining on the initial 20‑year lease
- Lease structured with minimal landlord obligations
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50131, IA
24,434
Population
9,975
Households
2.4
Avg Household Size
37
Median Age
58%
College-Educated
97%
High-School Grad
23.7 sq mi
ZIP Area
1,031
Density / Sq Mi
$103,316
Median Household Income
$61,532
Median Earnings
$1,284
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Jennifer A. James, PharmD — 6105 Merle Hay Rd, Johnston, IA 50131
- Paul Jillane E RPh — 5750 merle hay rd, johnston, ia 50131
- Stephanie M. Main, RPH — 5750 merle hay rd, johnston, ia 50131
- Sonu Puri-Hansen — 5750 Merle Hay Rd #9, Johnston, IA 501311215
- Erin F. Dobbs, PharmD — 6200 Merle Hay Rd #62nd, Johnston, IA 50131
Frequently Asked Questions
What type of property is this?
Drug store - Fee simple interest in a net leased Walgreens with minimal landlord obligations and multiple lease renewal options.
Where is this drug store located?
The property is located at 6200 Merle Hay Road Johnston, IA.
What are key features of this property?
This property features: Fee simple interest in a net leased Walgreens; More than 6 years remaining on the initial 20‑year lease; Lease structured with minimal landlord obligations
