345 E 20th St
Dubuque, IA 52001
Strong Performing Location $300M Development · Commerce de détail Propriété À vendre

We are pleased to market for sale the Walgreens property located at 345 East 20th Street, Dubuque, IA 52001 ("The Property"). Walgreens has been operating at this location for over 16 years and has approximately ±8.5 years of firm term remaining before the option periods. The Property in an absolute net lease with no landlord obligations whatsoever.
This high-performing location reports above-average sales, reinforcing its role as a vital pharmacy provider for East Dubuque. It is the only Walgreens serving the eastern portion of the city, with the next closest store located roughly 18 miles to the east.
The Property is situated less than two miles from two major healthcare institutions, MercyOne Dubuque Medical Center (263 beds, 1,500 employees) and UnityPoint Health-Finley Hospital (126 beds, 940 employees) driving consistent consumer demand.
The surrounding area is experiencing significant growth, highlighted by the $300 million Schmidt Island development just 1.5 miles east, which will include a seven-story hotel, outdoor amphitheater, and PinSeekers golf entertainment venue, all scheduled to open by the end of 2026. Additionally, Kinseth Hospitality Company has purchased a nearby 13-acre site for two connected Marriott hotels totaling 160 rooms, also expected to be completed by late 2026.