Matthews Real Estate Investment Services closed the sale of a three-property Walgreens portfolio in Iowa for $9.8 million.
The transaction was brokered by Associate Robert Goldberg, Executive Vice President and National Director Ben Snyder and Market Leader Bill Pedersen.
The three properties that make up the portfolio are located at 6200 Merle Hay Road in Johnston, Iowa; 3910 University Ave. in Waterloo, Iowa; and 4600 86th St. in Urbandale, Iowa.
The tenant, Walgreens Co., is the largest drugstore chain in the United States. The company operates more than 8,200 locations in all 50 states, the District of Columbia, Puerto Rica and Guam. Walgreens sells prescription and non-prescription drugs as well as general merchandise, including household products, personal care, beauty care, photofinishing, and other health and wellness products.
