1900 Hamilton Blvd Sioux City, IA 51104

Property Details for 1900 Hamilton Blvd

Year built

2013

Lot size

2.34 lot acres

Property size

14,820 SF

Property type

Retail space

APN

894720404018

APU

894720404018

Description

This exceptional investment opportunity presents a fee-simple interest in a freestanding Walgreens located at 1900 Hamilton Blvd, Sioux City, IA 51104. The 14,838 square foot building, constructed in 2013, sits on a 2.34-acre lot with 60 parking spaces and benefits from a high-traffic location at a signalized intersection, boasting 33,100 vehicles daily and proximity to I-29 (91,000 VPD). The property features a drive-thru and a liquor license. The absolute NNN lease with Walgreens, a nationally recognized brand, has approximately 10 years remaining with 11 five-year renewal options. The corporate-guaranteed lease provides zero landlord responsibilities, ensuring a passive income stream. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $441,603, representing a 6.50% cap rate and a price per square foot of $457.88. The surrounding area includes numerous national retailers and residential communities, supporting a robust consumer base. The 5-mile trade area boasts over 101,400 residents and 51,500 daytime employees, with an average household income of $81,420. The property is zoned BC-C: Community Business Zone and has an APN of 894720404018. This is a prime investment opportunity with significant long-term potential.

Location Insight

City

Sioux City

County

Woodbury

State

Iowa

Longitude

-96.4161

Latitude

42.5112

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments