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2527 Easton Boulevard Des Moines, IA 50317

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For Sale
$9,031,215

Portfolio of 12 retail properties with stable cash flow.

Type:Retail
Added:
Mar 25, 2026
Days on Market:
12
Last Refresh:
Mar 18 at 8:36 am

Property Features for 2527 Easton Boulevard

General Information

Standard status
Active
Property subtype
Retail

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Listing Contact
Bill Wright

Listing agent Bill Wright License #S33231000

Listing office CBRE

Listing date Mar 25, 2026

Source Cbre

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 CBRE


Overview

Retail Portfolio with NNN Leases

This portfolio features twelve freestanding retail properties. Eleven are secured by NNN leases to OneroRX, Inc., operating as Medicap Pharmacy. The remaining property is leased to Loving Cup, LLC, operating as Scooter’s Coffee. The portfolio offers stable cash flow supported by a well-established tenant with a strong regional presence. The separately leased land parcel occupied by Scooter’s Coffee provides investors with added diversification and a passive, land lease revenue stream. The properties are located in various cities in Iowa. The portfolio consists of 11 pharmacies and a Scooter’s Coffee land lease. The properties are essential services retailers with NNN leases. The properties are ideal for a 1031 exchange. The pro forma cap rate is 7.95%. The weighted average lease term is 4.36 years for Medicaps only.
Location Intelligence

Current Use by Public Records

Medicap Pharmacy Pharmacy Melissa Klotz Pharmacy

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Des Moines
County
Polk
State
Iowa
Longitude
-93.569342
Latitude
41.6073972

FAQs

What type of property is this?
Drug store - Portfolio of 12 retail properties with stable cash flow.
Where is this drug store located?
The property is located at 2527 Easton Boulevard Des Moines, IA.
What is the asking price?
The asking price for this property is $9,031,215.
What are key features of this property?
This property features: 7.95% Pro Forma Cap Rate; Portfolio of 12 freestanding retail properties; 11 NNN leases secured by OneroRX, Inc. (Medicap Pharmacy)
More about this property
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