Walgreens 3425 Middle Rd 15,120 SF Retail Building Bettendorf, IA 52722 $6,269,591 CAD ($414.66 CAD/SF) 7.50% Cap Rate

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 3425 Middle Road in Bettendorf, Iowa, part of the DavenportMoline-Rock Island Metropolitan Statistical Area (MSA) with a total population of 379,374. The subject property consists of a 15,120 SF free-standing building with a drive-thru, situated on a large 3.25-acre parcel of land in a highly visible and well-trafficked location.
Strategically positioned along Middle Road, the area’s major thoroughfare, the property benefits from excellent visibility and high traffic counts. The site is directly across from Hy-Vee Grocery Store and surrounded by key national retailers, including Starbucks, Subway, Advance Auto Parts, Taco Bell, Burger King, Valvoline, Burger King, Arby’s, Aldi, and many more.
Additionally, the property is located within close proximity to major educational institutions and healthcare facilities, including St. Ambrose University (2,747 students), Augustana College (2,446 students), University of Iowa Health Care, and Genesis HealthPlex. The average household income within a one-mile radius exceeds $106,348, reflecting the strong economic demographics of the area.
This Absolute NNN Lease requires zero landlord responsibility, making it a passive investment opportunity backed by a Walgreens corporate guarantee (NYSE: WBA). The current lease term runs through January 31, 2027, and has ten (10) fiveyear renewal options, providing long-term stability.
Walgreens Boots Alliance (NASDAQ: WBA) operates over 12,700 stores across all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam, along with worksite health centers, home care facilities, and specialty and mail service pharmacies. In fiscal year 2024, the company reported $147.7 billion in revenue reflecting continued strength in its healthcare and retail segments.