Log In/Sign Up
Your email has been sent.
2527 Easton Blvd
Des Moines, IA 50317
Medicap Portfolio · Property For Sale
·
35,349 SF Total
INVESTMENT HIGHLIGHTS
- 11 Pharmacies & 1 Scooter’s Coffee Land Lease
- NNN Leases
- WALT - 4.36 Years (Medicaps Only)
- Essential Services Retailer
- Ideal Properties for a 1031 Exchange
EXECUTIVE SUMMARY
CBRE is pleased to present the opportunity to acquire a portfolio of twelve freestanding retail properties, 11 of which are secured by NNN leases to OneroRX, Inc. (operating as Medicap Pharmacy), and an additional leased to Loving Cup, LLC (operating as Scooter’s Coffee). This portfolio offers stable, predictable cash flow supported by a well established tenant with a strong regional presence as well as separately leased land parcel occupied by Scooter’s Coffee, providing investors with added diversification and a passive, land lease revenue stream.
PROPERTY FACTS
| Price / SF | $255.49 / SF | Number of Properties | 12 |
| Cap Rate | 7.95% | Individually For Sale | 0 |
| Sale Type | Investment NNN | Total Building Size | 35,349 SF |
| Status | Active | Total Land Area | 7.57 AC |
| Price / SF | $255.49 / SF |
| Cap Rate | 7.95% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 12 |
| Individually For Sale | 0 |
| Total Building Size | 35,349 SF |
| Total Land Area | 7.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 317 N Market St, Audubon, IA 50025 | Retail | 2,484 SF | 2020 | - |
|
Medicap Pharmacy
800 School St, Carlisle, IA 50047 |
Retail | 3,080 SF | 2000 | - |
| 2527 Easton Blvd, Des Moines, IA 50317 | Retail | 2,400 SF | 2001 | - |
|
Medicap Pharmacy
1602 Edgington Ave, Eldora, IA 50627 |
Retail | 1,336 SF | 1979 | - |
| 2105 N 3rd Ln, Indianola, IA 50125 | Retail | 2,287 SF | 2022 | - |
| 318 N Lincoln St, Knoxville, IA 50138 | Retail | 3,800 SF | 1976 | - |
| 1103 W Pleasant St, Knoxville, IA 50138 | Retail | 544 SF | 2019 | - |
|
The Medicine Shoppe Pharmacy
212 1st St N, Newton, IA 50208 |
Retail | 3,464 SF | 2006 | - |
|
Medicap Pharmacy
615 E Main St, Panora, IA 50216 |
Retail | 3,500 SF | 1988 | - |
| 303 SW 7th St, Stuart, IA 50250 | Office | 9,104 SF | 1998 | - |
|
Medicap Pharmacy
10 Warrior Ln, Waukee, IA 50263 |
Retail | 3,350 SF | 2009 | - |
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
