Walgreens Anchored Retail
806 S 4th St, Clinton, IA 52732
Strategic corner location with rent escalation and redevelopment potential.
Type:Retail
Property size:
13,799 SFLot size:
2.06 AcresPrice / SF:
$199/SF- Added:
- Mar 6, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 16 at 3:03 pm
Property Features for 806 S 4th St
General Information
- Standard status
- Active
- Size
- 13,799 SF
- Lot size
- 2.06 Acres
- Property subtype
- Retail
Listing agent Matthew Brisch License #IA
Listing office Coldwell Banker Commercial Howes & Jefferies
Listing date Mar 6, 2026
Source Crexi
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 Coldwell Banker Commercial Howes & Jefferies
HighLights
- Strategic location at the junction of US‑30 and US‑67 with high traffic volume.
- Corporate‑backed Double Net (NN) lease with approximately 8 years of guaranteed term expiring May 31, 2034.
- Significant rent growth with a 30% rent escalation at the next five‑year renewal option.
- Oversized 2.06‑acre parcel offering long‑term redevelopment potential.
- Shadow‑anchored by Hy‑Vee Supermarket and Hy‑Vee Fast & Fresh, creating a synergistic retail hub.
- Serves as a regional market magnet attracting customers from Western Illinois.
Overview
This property offers an opportunity to acquire a Walgreens-anchored asset on a 2.06-acre corner lot. Situated at the junction of US Highway 30 and US Highway 67, it serves as a primary retail entrance to Iowa for traffic from Illinois. The property is shadow-anchored by Hy-Vee Supermarket and Hy-Vee Fast & Fresh. The site exceeds standard pharmacy lot sizes, providing long-term flexibility for multi-tenant conversion, QSR outparcels, or higher-density redevelopment. The lease features five-year renewal options with a 30% rent escalation at the next option. Clinton serves as a primary retail destination for Western Illinois residents, with a concentration of national tenants, including Home Depot, Walmart Supercenter, Hobby Lobby, Aldi, and Harbor Freight. The corporate-backed Double Net (NN) lease expires May 31, 2034, with approximately 8 years of guaranteed term prior to the next option with rent escalation. The 13,799 SF facility is equipped with a drive-thru and benefits from visibility to south-bound US-67 and west-bound US-30 traffic. Located 1.5 miles from the Clinton Marina, it services a stable local population and seasonal regional tourism.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.58M
NOI $142,043 @ 9.00% cap · cautious / downside scenario
Moderate
$2.03M
NOI $142,043 @ 7.00% cap · market / base-case scenario
Aggressive
$2.84M
NOI $142,043 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.0k | $15.00 |
| − Vacancy | −$17.6k | −$1.28 |
| EGI | $189.4k | $13.73 |
| − OpEx | −$47.3k | −$3.43 |
| NOI | $142.0k | $10.29 |
13,799 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,043 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$1.96M
$1.71M – $2.28M
NOI $136,906 @ 7.0% cap · market cap 4.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Redbox
Cinema
Walgreens
Pharmacy
FedEx OnSite
Postal Service
Walgreens Pharmacy
Pharmacy
Similar Places Nearby
- CBD for Life — 1106 Camanche Ave, Clinton, IA 52732
- Walgreens Pharmacy — 806 S 4th St, Clinton, IA 52732
- Riverview Chiropractic Center P.C — 822 S 4th St, Clinton, IA 52732
- COVID-19 Drive-Thru Testing at Walgreens — 806 S 4th St, Clinton, IA 52732
- Lam Vo — 806 S 4th St, Clinton, IA 527325729
Location Insight
- Map
- Local Demand
- City
- Clinton
- County
- Clinton
- State
- Iowa
- Longitude
- -90.193311
- Latitude
- 41.837543
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Strategic corner location with rent escalation and redevelopment potential.
Where is this drug store located?
The property is located at 806 S 4th St Clinton, IA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Strategic location at the junction of US‑30 and US‑67 with high traffic volume.; Corporate‑backed Double Net (NN) lease with approximately 8 years of guaranteed term expiring May 31, 2034.; Significant rent growth with a 30% rent escalation at the next five‑year renewal option.
