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Description

Great passive income play in the heart of Iowa City. Situated along the W Benton Street corridor with strong visibility and easy access serving the University of Iowa community and surrounding neighborhoods. This is a true absolute NNN; tenant handles everything including taxes, insurance, HVAC, maintenance, and roof. Landlord just collects a check. Lease runs through July 2033 with two 10-year renewal options, so you’re looking at a potential hold to 2053. Annual 2% rent bumps are baked in throughout the initial term and both extensions. Priced at $1,350,000 reflecting a 7.42% cap rate on current NOI. Good fit for a 1031 buyer or anyone looking for low-hassle NNN income in a stable university town market.

Listing ID #202605069

Commercial Sale

121 W Benton St.
Iowa City, Iowa 52246

$1,350,000
Lot Size0.38 Acre
Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52246
StatusActive
Listing Agent
Mark Lynch
Skogman Realty Co.
Mortgage Calculator
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Features

202605069
Other
North on Highway 6, west on Benton St - parcels located on the corner of Benton St and Orchard St.
Additional Details
0.38 Acre
Other
Other
Other
08-17-2026
n/a

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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