Net-Leased Walgreens Drug
For Sale
Contact for pricing
Pending
3910 University Ave, Waterloo, IA 50701
Fee simple ownership with more than nine years remaining on the initial lease and limited landlord responsibilities.
Property SizeContact for details
Days on Market144
Property Features for 3910 University Ave
General Information
Standard status
Pending
Property subtype
Retail
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 30
Last Checked: Apr 10 at 9:41PM
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.
This offering conveys the fee simple interest in a Walgreens drug store under a net lease. The initial lease has more than 9 years remaining within its 20-year term, and landlord obligations are described as minimal. The agreement also provides eight 5-year renewal options for the tenant.
The property is located at 3910 University Ave in Waterloo, Iowa, along a major commercial thoroughfare and approximately 3.5 miles from the University of Northern Iowa campus. The tenant carries an S&P rating of BBB, providing additional lease-credit context for the offering.
The property is located at 3910 University Ave in Waterloo, Iowa, along a major commercial thoroughfare and approximately 3.5 miles from the University of Northern Iowa campus. The tenant carries an S&P rating of BBB, providing additional lease-credit context for the offering.
Key Highlights
- Walgreens tenancy with more than 9 years remaining on the initial 20 year lease
- Eight 5 year tenant renewal options
- Net lease with minimal landlord obligations
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 23%
Apparel 13%
Home Improvements & Furnishings 10%
McDonald's
Dining
16,133 visits/mo
0.3 miles
Pizza Ranch
Dining
10,774 visits/mo
0.3 miles
Goodwill
Apparel
7,872 visits/mo
0.3 miles
Dollar General
Shops & Services
7,403 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
6,234 visits/mo
0.1 miles
Demographics for 50701, IA
29,806
Population
14,530
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
95%
High-School Grad
79.1 sq mi
ZIP Area
377
Density / Sq Mi
$62,857
Median Household Income
$41,464
Median Earnings
$846
Median Rent
$183,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Walgreens Pharmacy — 3910 University Ave, Waterloo, IA 50701
- Craig Young — 3910 University Ave, Waterloo, IA 507015642
- Charlottte Beattie — 3910 University Ave, Waterloo, IA 507015642
- Family Medicine Of Cedar Valley — 2706 Bicentennial Dr, Cedar Falls, IA 50613
- Albert Mcfadden — 4000 University Ave, Waterloo, IA 507015640
Frequently Asked Questions
What type of property is this?
Drug store - Fee simple ownership with more than nine years remaining on the initial lease and limited landlord responsibilities.
Where is this drug store located?
The property is located at 3910 University Ave Waterloo, IA.
What are key features of this property?
This property features: Walgreens tenancy with more than 9 years remaining on the initial 20 year lease; Eight 5 year tenant renewal options; Net lease with minimal landlord obligations
