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- LoopNet Team
1225 7th Ave
Marion, IA 52302
Walgreens Marion IA / 7.0% Cap Rate · Retail Property For Sale
PROPERTY FACTS
- Drug Store
- General Retail Freestanding
- General Retail Storefront Retail/Office
- Office Medical
Amenities
- Pylon Sign
- Signage
- Drive Thru
About 1225 7th Ave , Marion, IA 52302
Touchstone Commercial Partners is pleased to offer for sale a solid-performing Walgreens Store located in Marion IA. Walgreens has been operating at this location since 1998 and the lease runs through July 2028 (9 years remaining) with six 5-year renewal options. The lease is guaranteed by Walgreens Co (S&P:BBB) which has over 100 years of operating history, 14,300 stores worldwide in 25 countries. The property is located at a busy corridor in downtown Marion directly across the street from Marion City Hall. Cedar Rapids, the 2nd largest city in Iowa, is just 6 miles away. The store serves as a strategic hub for 5 nearby urgent care and medical centers that are within 5-minute drive. About Marion, IA Named among the Top 10 for ‘Safest Cities in Iowa’ and ‘Most Livable Small City’ in America, Marion is one of the most attractive and fastest developing cities in Iowa. Over two dozen Fortune 500 companies including General Mills, Nordstrom, Whirlpool and Quaker Oats (part of PepsiCo) are located in the area. Broker of Record Steve Moore, Steve Moore Real Estate, IA Lic #B20464000
Links
PROPERTY TAXES
Parcel Number | 15062-43001-00000 | Improvements Assessment | $871,600 |
Land Assessment | $836,600 | Total Assessment | $1,708,200 |
PROPERTY TAXES
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Listing ID: 16175278
Date on Market: 5/28/2019
Last Updated:
Address: 1225 7th Ave, Marion, IA 52302
The Retail Property at 1225 7th Ave, Marion, IA 52302 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.