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Description

Outstanding investment opportunity at 1065-1067 N Center Point Road, Hiawatha, IA. This 9,045 SF multi-tenant building is 100% occupied by high-quality tenants on NNN leases with annual rent escalations, delivering secure, predictable cash flow with NOI of $112,476 — a 7.5% cap rate at the offering price of $1,495,000. The modern, masonry building has been fully remodeled in recent years and is very well maintained. It offers great access to I-380, ideally positioned near the intersection of North Center Point Road and Boyson Road. This asset combines strong tenancy, prime location, and long-term stability — an excellent addition to any investment portfolio.

Listing ID #2507756

Commercial Sale

1065 & 1067 N Center Point Road
Hiawatha, Iowa 52233

$1,495,000
Square Feet9,045
Lot Size0.63 Acre
Country : US
State : IA
County : Linn
City : Hiawatha
Zipcode : 52233
StatusActive
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Listing Agent
Tiffany Earl Williams-WSG CRE
SKOGMAN REALTY COMMERCIAL
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Features

2507756
9,045 Sqft
Sprinkler/Irrigation
Frame
Yes
I-380 N to Boyson Road East, North on N Center Point Road
Additional Details
0.63 Acre
Central Air
Central, Gas
Membrane
09-10-2025
27443

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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