2509 White Tail Dr
Cedar Falls, IA 50613

This is an excellent opportunity to purchase an investment property for $4,575,000 at 5.46% cap rate with 14 1/2 years remaining on the lease. The property is in an ideal location, in a high income area, with an average household income exceeding $95,000 within 1 mile of the property. Walgreens is the nation' s #1 drugstore chain operating more than 8,300 stores in all 50 US states, the District of Columbia, the Virgin Islands, and Puerto Rice. This Walgreens is located on White Tail Drive and West 1st Street (Highway 57) where traffic counts tally over 11,800 vehicles daily on West 1st Street just east of the property. Walgreens is located adjacent to 1st National Bank. Other nearby properties include a 42-unit senior housing development, CVS Pharmacy, The Wild Hare American Grill, Fareway Grocery, Veridian Credit Union, Papa John' s Pizza, McDonald' s, Godfather' s Pizza, and many more. Walgreens is one and half miles from Sartori Memorial Hospital, a 100-bed full service hospital. It is also one and half miles north of the University of Northern Iowa, with approximately 12,000 students.