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Walgreens Fetches $6M in Iowa Sale
The Boulder Group completed the sale of a single-tenant net-leased Walgreens property at 830 Middle Rd. in Bettendorf, IA for $5,806,452. The firm’s Randy Blankstein and John Feeney represented the seller, a Midwest-based investment firm. The buyer was a West Coast-based investment firm.
The 14,490-square-foot Walgreens benefits from its signalized hard corner location along Middle Road, a primary east-west thoroughfare. It’s also in close proximity to Interstate 74.
The Walgreens lease has more than 10 years remaining on the primary term.
“Walgreens properties with proven operating histories continue to garner significant investor interest,” said Blankstein, president of The Boulder Group.
SVP Feeney added, “Single-tenant drug store properties with more than 10 years remaining continue to trade regularly.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
- ◦Lease

