4415 Douglas Ave Des Moines, IA 50310

Listing agency The Kase Group c***@locatecre.com Show Phone

Listed by Jeff Bracco · License #CA 01336201

Source Crexi

Added: Apr 12 Updated: Jul 22 at 8:17AM Checked: Jul 22 at 8:17AM

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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.

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

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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

FAQs

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