Sioux City MSA Walgreens | 10 CAP | Increases 1030 W 21st St Local commercial 1 365 m² À vendre South Sioux City, NE 68776 2 784 435 € (2 039,43 €/m²) Taux de capitalisation 10 %

We are pleased to market for sale the Walgreens property located at 1030 W 21st St, South Sioux City, NE 68776 ("The Property"). Walgreens has been operating at the site for over 21 years and has 6.5 years of firm term remaining before the 12 (5-year) option periods. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever and calls for a 5% increase in October 2026 and a 5% increase at each of the first four options.
The Property is strategically positioned within a rapidly developing market, benefiting from the Southbridge Business Park project, recently approved by the Iowa Economic Development Authority (IEDA). The state of Iowa has invested over $50 million in infrastructure improvements, including new roads, a new Interstate-29 interchange (set to open in 2027), a water plant, extended utility services, an electric substation, and enhanced drainage facilities, fostering long-term economic expansion in the area. Located less than 1 mile from the property, Northeast Community College - South Sioux City Campus, has over 5,500 students enrolled in full or part-time classes.
Situated in a dense industrial market, the Property benefits from over 5 million square feet of existing industrial space in the South Sioux City market. Major employers include Tyson Foods' fresh meat beef packing plant, which spans 744,000 square feet and employs over 4,200 people. Additionally, the Property is located in close proximity to Interstate-29, which sees over 39,000 vehicles per day and connects Kansas City to the south and Winnipeg, Canada to the north.