3425 Middle Rd, Bettendorf, IA 52722-3404
- Commercial real estate
- 15,012 SF
- 3.25 lot acres
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Jennifer Stout-Leydens, RPH / Pharmacy
- Samuel M. Davis, MD / Pharmacy
- LibertyX Bitcoin ATM / Atm
Property Details for 3425 Middle Rd
- Year built
- 2000
- Lot size
- 3.25 lot acres
- Property type
- Commercial real estate
- APN
- 842203301
- APU
- 842203301
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 16, 2023 | $4,967,000 | Ciiv Pool LLC | Cs Loan Pool III LLC | Special Warranty Deed | — |
| Nov 8, 2016 | — | Cs Loan Pool III LLC | — | Deed · related | $20.3M · Starwood Mortgage Capital LLC |
| Sep 1, 2006 | — | Cornerstone II LLC | Cornerstone Leased Drug Stores LLC | Intrafamily Transfer · related | $50.3M · Not Available |
Description
This exceptional portfolio comprises six high-performing Walgreens retail properties, strategically located across Iowa, Illinois, and Virginia. The properties are situated in thriving markets and benefit from long-term, absolute NNN leases with a prominent national tenant, ensuring stable and predictable income streams. The portfolio boasts a total square footage ranging from 13,895 to 16,380 square feet, with 100% occupancy. The properties are classified as Class A and feature lot sizes varying from 1.09 to 3.25 acres. The current asking price is $21,500,000, with a Net Operating Income (NOI) of $1,653,411.04. Lease terms include a 10-year initial term with five 5-year renewal options. The portfolio includes significant assumable debt of $17,672,313 at an attractive interest rate of 4.68%, significantly reducing the equity required for investment. Individual property locations include Bettendorf, IA
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $5,465,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bettendorf
- County
- Scott
- State
- Iowa
- Longitude
- -90.4851
- Latitude
- 41.5503
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
