Net-Leased Drug
6200 Merle Hay Road Johnston, IA 50131
6200 Merle Hay Road, Johnston, IA, 50131
Contact for pricing
For Sale
Contact for pricing
Fee simple interest in a net leased Walgreens with minimal landlord obligations and multiple lease renewal options.
Days on Market104
Property Features for 6200 Merle Hay Road
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
The Kase Group
(415) 269-2474
Listed by
Jacob Abusharkh · License #CA 01385529
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 3:15AM Checked: Jul 22 at 3:15AM
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.
Fee simple interest being offered in a net leased Walgreens. The initial 20-year lease has more than 6 years remaining, and the lease calls for minimal landlord obligations. The tenant has eight 5-year renewal options.
The property is located on a major commercial thoroughfare and is presented as having a corporate guarantee. The tenant is described as S&P rated BBB, and the offering remarks cite strong store sales and high income demographics supporting the location.
The property is located on a major commercial thoroughfare and is presented as having a corporate guarantee. The tenant is described as S&P rated BBB, and the offering remarks cite strong store sales and high income demographics supporting the location.
Key Highlights
- Fee simple interest in a net leased Walgreens
- More than 6 years remaining on the initial 20‑year lease
- Lease structured with minimal landlord obligations
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- Jennifer A. James, PharmD — 6105 Merle Hay Rd, Johnston, IA 50131
- Paul Jillane E RPh — 5750 merle hay rd, johnston, ia 50131
- Stephanie M. Main, RPH — 5750 merle hay rd, johnston, ia 50131
- Sonu Puri-Hansen — 5750 Merle Hay Rd #9, Johnston, IA 501311215
- Erin F. Dobbs, PharmD — 6200 Merle Hay Rd #62nd, Johnston, IA 50131
FAQs
What type of property is this?
Drug store - Fee simple interest in a net leased Walgreens with minimal landlord obligations and multiple lease renewal options.
Where is this drug store located?
The property is located at 6200 Merle Hay Road Johnston, IA.
What are key features of this property?
This property features: Fee simple interest in a net leased Walgreens; More than 6 years remaining on the initial 20‑year lease; Lease structured with minimal landlord obligations
