The Gateway Bridge Walgreens offers a unique opportunity to acquire a Walgreens-anchored asset situated on a strategic 2.06-acre corner. Located at the confluence of US Highway 30 and US Highway 67, the property serves as a primary retail entrance to Iowa for cross-border traffic from Illinois. For the hybrid investor, this is the ultimate "land bank" play: enjoy institutional-grade passive income today with a 30% rent escalation at renewal option on the horizon, all while controlling one of the most strategic redevelopment footprints in the region. Investment Highlights * Primary Retail Junction: Positioned at the junction of US-30 and US-67. The site captures heavy daily commuter volume originating from the US Highway 30 Bridge, connecting the Illinois and Iowa markets. * Synergistic Retail Hub: The property is shadow-anchored by Hy-Vee Supermarket and Hy-Vee Fast & Fresh, the region's dominant grocery and fuel drivers. This established "daily needs" synergy ensures consistent consumer traffic to the immediate corridor. * Oversized 2.06-Acre Parcel: At over 2 acres, the site exceeds standard pharmacy lot sizes. This surplus land provides long-term flexibility for multi-tenant conversion, QSR outparcels, or higher-density redevelopment. * Structured Rent Growth: Unlike many flat-rent NNN/NN pharmacy assets, this lease features five-year renewal options with a 30% rent escalation at the first option, providing a significant hedge against inflation and a boost to future yield. * Regional Market Magnet: Clinton serves as a primary retail destination for Western Illinois residents attracted by Iowa's lower fuel taxes and a dense concentration of national tenants, including Home Depot, Walmart Supercenter, Hobby Lobby, Aldi, and Harbor Freight. * Secure Income Stream: Corporate-backed Double Net (NN) lease with a primary term expiring May 31, 2034, providing approximately 8 years of guaranteed term prior to the initial rent escalation. The subject property is a 13,799 SF facility equipped with a drive-thru sitting prominently at the base of the Gateway Bridge, benefiting from exceptional visibility to south-bound US-67 and west-bound US-30 traffic. Located just 1.5 miles from the Clinton Marina, the asset services a stable local population complemented by seasonal regional tourism. Whether you are looking to park 1031 exchange funds in a reliable corporate-backed asset or you are a developer looking to secure a "Main & Main" corner for the next decade's most ambitious project, this property delivers the best of both worlds. Property Snapshot * Building Size: 13,799 SF * Lot Size: 2.06 Acres (Signalized Corner) * Lease Structure: Double Net (NN) * NOI: $250,000 * CAP Rate: 9.09 * Lease Expiration: May 31, 2034 * Renewal Options: 5 (Five-Year) Options * Rent Increases: 30% at 1st Option * Traffic Drivers: US-30, US-67, Gateway Bridge, Hy-Vee

Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Howes & Jefferies REALTORS



Based on information submitted to the MLS GRID as of 2026-03-06 06:19 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-03-06 06:19 AM UTC
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