Dubuque, IA

• Listed by Brian Brockman, Bang Realty - Inc, 513-898-1551, [email protected], IA DRE Lic. B67571000.
• There are 2 other Walgreens locations that are situated west of Dubuque's downtown area. This location serves Eastern Dubuque with the next closest Walgreens being approximately 18 miles away to the east.
• MercyOne Dubuque Medical Center (263 Beds - 1,500 Employees) and UnityPoint Health-Finley Hospital (126 Beds - 940 Employees) are both located within a 2-mile radius from the Walgreens location.
• Located approximately 1.5 miles east, Schmidt Island has already begun development on a seven-story 90-room hotel, an outdoor concert amphitheater, and a PinSeekers (a hybrid-golf entertainment facility). All three amenities are expected to open by the end of 2026.
• In September of 2024, Kinseth Hospitality Company purchased a 13-acre lot in the Port of Dubuque to make way for the construction of two-connected Marriott hotels for a combined 160 hotel rooms. Both hotels to finish construction and being operating by the end of 2026.

We are pleased to market for sale the Walgreens property located at 345 East 20th Street, Dubuque, IA 52001 ("The Property"). Walgreens has been operating at this location for over 16 years and has approximately 9 years of firm term remaining before the option periods. The Property in an absolute net lease with no landlord obligations whatsoever.

This high-performing location reports above-average sales, reinforcing its role as a vital pharmacy provider for East Dubuque. It is the only Walgreens serving the eastern portion of the city, with the next closest store located roughly 18 miles to the east.

The Property is situated less than two miles from two major healthcare institutions, MercyOne Dubuque Medical Center (263 beds, 1,500 employees) and UnityPoint Health-Finley Hospital (126 beds, 940 employees) driving consistent consumer demand.

The surrounding area is experiencing significant growth, highlighted by the $300 million Schmidt Island development just 1.5 miles east, which will include a seven-story hotel, outdoor amphitheater, and PinSeekers golf entertainment venue, all scheduled to open by the end of 2026. Additionally, Kinseth Hospitality Company has purchased a nearby 13-acre site for two connected Marriott hotels totaling 160 rooms, also expected to be completed by late 2026.