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Walgreens 1900 Hamilton Blvd 14,838 SF Retail Building Sioux City, IA 51104 $5,880,000 ($396.28/SF) 7.51% Cap Rate
Investment Highlights
- 7+ Years Remaining | Corporate Signed Lease | Drive-Thru Equipped | Well-Known & Established Brand
- Major Nearby Shopping Centers | Strong Tenant Presence | Top Performing Store | 24-Hour Location | Liquor Store
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Centralized Location | Excellent Visibility & Access
Executive Summary
• Walgreens is ideally situated within a dense retail trade area
• The site is adjacent to Perry Creek Plaza (113K+ SF) and is near The Marketplace Community Center (396K+ SF)
• The surrounding national tenants include Hy-Vee, AutoZone, Petco, McDonald’s, Popeyes, Save-a-Lot, The Home Depot, and others
• The dense trade area increases consumer draw to the area, promotes crossover store exposure, and contributes to the local economy
• The subject is the most visited Walgreens location in a 50-mile radius and ranks in the 98th and 96th percentiles within the state and nationally, respectively (per Placer.ai - May 2025 - April 2026)
• The property is open 24/7 and sells alcohol, making this a convenient one-stop shop to accommodate customers’ daily needs
• The site is adjacent to Perry Creek Plaza (113K+ SF) and is near The Marketplace Community Center (396K+ SF)
• The surrounding national tenants include Hy-Vee, AutoZone, Petco, McDonald’s, Popeyes, Save-a-Lot, The Home Depot, and others
• The dense trade area increases consumer draw to the area, promotes crossover store exposure, and contributes to the local economy
• The subject is the most visited Walgreens location in a 50-mile radius and ranks in the 98th and 96th percentiles within the state and nationally, respectively (per Placer.ai - May 2025 - April 2026)
• The property is open 24/7 and sells alcohol, making this a convenient one-stop shop to accommodate customers’ daily needs
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,838 SF
Building Class
B
Year Built
2013
Price
$5,880,000
Price Per SF
$396.28
Cap Rate
7.51%
NOI
$441,603
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.34 AC
Zoning
BC-C - Community Business Zone
Parking
61 Spaces (4.11 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 894720404018 | Improvements Assessment | $1,823,900 |
| Land Assessment | $1,714,300 | Total Assessment | $3,538,200 |
Property Taxes
Parcel Number
894720404018
Land Assessment
$1,714,300
Improvements Assessment
$1,823,900
Total Assessment
$3,538,200
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Walgreens | 1900 Hamilton Blvd
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