1900 Hamilton Blvd Sioux City, IA 51104-4149

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.