Retail Portfolio with NNN
2527 Easton Boulevard Des Moines, IA 50317
For Sale
$9,031,215
Portfolio of 12 retail properties with stable cash flow.
Days on Market126
Property Features for 2527 Easton Boulevard
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 26 at 6:20AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 7.95% Pro Forma Cap Rate
- Portfolio of 12 freestanding retail properties
- 11 NNN leases secured by OneroRX, Inc. (Medicap Pharmacy)
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Walgreens Pharmacy — 2930 E University Ave, Des Moines, IA 50317
- COVID-19 Drive-Thru Testing at Walgreens — 2930 E University Ave, Des Moines, IA 50317
- Marc Bejarno — 2930 E University Ave, Des Moines, IA 503178236
- Kimberly Antone — 2930 E University Ave, Des Moines, IA 503178236
- Brandy Mcartor — 2930 E University Ave, Des Moines, IA 503178236
Frequently Asked Questions
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)
