Absolute NNN Walgreens
For Sale
Contact for pricing
Pending
4415 Douglas Ave, Des Moines, IA 50310
For sale Walgreens with a new 15-year absolute NNN lease, zero landlord obligations, and corporate Walgreens guarantee.
Days on Market113
Property Features for 4415 Douglas Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
The Kase Group
(515) 778-8188
Listed By:
Jeff Bracco · License #CA 01336201
Source:
Crexi
Added: Apr 12
Changed: Jul 22
Last Checked: Aug 2 at 11:31AM
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.
The Kase Group presents the opportunity to acquire a well-established Walgreens location with a new 15-year absolute NNN lease. The lease structure calls for zero landlord obligations and is corporately guaranteed by Walgreens. The recently extended lease includes 5% increases every five years and twelve, five-year renewal options.
The property benefits from visibility at a signalized intersection on Douglas Ave and Beaver Ave, with exposure to 10,000+ vehicles per day. It is located near Merle Hay Shopping Mall, the Des Moines VA Medical Center, and Herbert Hoover High School, and it borders other area businesses.
This is an established retail asset offered as an absolute NNN investment with Walgreens corporate backing and long-dated lease extensions in place.
The property benefits from visibility at a signalized intersection on Douglas Ave and Beaver Ave, with exposure to 10,000+ vehicles per day. It is located near Merle Hay Shopping Mall, the Des Moines VA Medical Center, and Herbert Hoover High School, and it borders other area businesses.
This is an established retail asset offered as an absolute NNN investment with Walgreens corporate backing and long-dated lease extensions in place.
Key Highlights
- Walgreens in Des Moines, IA with a new 15‑year absolute NNN lease
- Lease features zero landlord obligations and is corporately guaranteed by Walgreens
- Lease includes 5% increases every 5 years and twelve 5‑year renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
Median Home Value
Market
Vacancy Rate% for Retail in Des Moines, IA
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Similar Off Market Nearby
- Medicap Pharmacy — 2804 Beaver Ave, Des Moines, IA 50310
- Walgreens Pharmacy — 4415 Douglas Ave, Des Moines, IA 50310
- Michael Rulli — 4415 Douglas Ave, Des Moines, IA 503102717
- Karen Jefferson — 4415 Douglas Ave, Des Moines, IA 503102717
- Janelle Beal — 2804 Beaver Ave, Des Moines, IA 503104038
Frequently Asked Questions
What type of property is this?
Drug store - For sale Walgreens with a new 15-year absolute NNN lease, zero landlord obligations, and corporate Walgreens guarantee.
Where is this drug store located?
The property is located at 4415 Douglas Ave Des Moines, IA.
What are key features of this property?
This property features: Walgreens in Des Moines, IA with a new 15‑year absolute NNN lease; Lease features zero landlord obligations and is corporately guaranteed by Walgreens; Lease includes 5% increases every 5 years and twelve 5‑year renewal options
