Walgreens NNN Property For Sale — Fort Dodge, IA
2503 5th Ave S, Fort Dodge, IA 50501
This absolute net leased Walgreens offers a passive investment opportunity in Fort Dodge, Iowa, a significant commercial hub. The property features a 15,120 SF freestanding building with a drive-thru, situated on a 1.4-acre parcel at a high-traffic signalized intersection. Located directly opposite the Corridor Plaza, a transformative mixed-use redevelopment, the property benefits from enhanced long-term viability and increased economic activity in a revitalized retail corridor. The area boasts numerous national and regional retailers, underscoring its strong commercial presence. Fort Dodge is a center for key industries, including biofuels, livestock feed, and manufacturing. This absolute NNN lease requires zero landlord responsibility and is backed by a corporate guarantee from Walgreen…
- Address: 2503 5th Ave S, Fort Dodge, IA 50501
- Asking price $3.44M
- 7.50% cap rate
- NOI $258,219
- 0.9 years remaining
- NNN lease
- Building size: 15,120 SF
- Lot size: 1.40 acres
- Lease expiration: Jan 31, 2027
- Guarantor: Corporate
Location
This Walgreens property is at 2503 5th Ave S in Fort Dodge, Iowa.
Asset type: Drug Store