Sioux City, IA - Walgreens
$5,880,000
1900 Hamilton Boulevard, Sioux City, IA 51104
7.51
Cap Rate
441,603
NOI
Details:
Description:
Walgreens is strategically located at the signalized, hard corner intersection of 19th Street and Hamilton Boulevard, averaging a combined 33,100 vehicles passing by daily. The asset also benefits from nearby access onto Interstate 29 (91,000 VPD), making it an ideal and centralized location with easy access for customers and employees. Walgreens is ideally situated within a dense retail trade area with numerous surrounding national tenants including 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 asset is also near numerous single-family communities and multi-family complexes including Bellevue Apartments (53 units), Evergreen Terrace (55 units), and Sioux Apartment Homes (89 units), providing a direct residential consumer base. The 5-mile trade area is supported by over 101,400 residents and 51,500 daytime employees, with a healthy average household income of $81,420.
Location
Gallery