1703 Park Ave | Muscatine, IA 52761
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1703 Park Ave
Muscatine, IA 52761
Walgreens · Retail Property For Sale
Investment Highlights
- Walgreens NN Lease With +/- 7 Years on the Term on Lease With Eight (5 Year) Options to Extend
- Extremely High Store Sales/Very Healthy Rent to Sales Ratio
- Walgreens Corporate Guarantee (NYSE:WBA) Investment Grade Tenant (S & P BBB)
- Brand New Roof With Transferrable Warranty
- Walgreens Showed Strong Commitment to the Site by Extending the Lease to 10 Years in 2018
- Very Strong Sales With Rent of $16 Per Square Foot/Extremely High Lease Renewal Probability at the end of Base term of the Lease
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2001
Tenancy
Single
Number of Floors
1
Building FAR
0.27
Lot Size
1.27 AC
Zoning
C1 - Commercial
Parking
64 Spaces (4.23 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0825251019 | Improvements Assessment | £1,506,513 |
| Land Assessment | £364,464 | Total Assessment | £1,870,977 |
PROPERTY TAXES
Parcel Number
0825251019
Land Assessment
£364,464
Improvements Assessment
£1,506,513
Total Assessment
£1,870,977
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