Description

Exceptional investment opportunity in a long term sale leaseback with credit rated Mercy Medical in a prime location. This investment provides a stable and secure income stream far below replacement cost assuring a long term commitment from the tenant. Hosting a variety of essential medical services, including urgent care, dialysis groups, and several other medical practice groups. NNN lease, with annual escalations in the base rent, ensuring steady income growth and passive ownership. A reliable, long-term investment with a strong tenant and an attractive location poised for continued growth. Don’t miss this rare opportunity to invest in a high-quality, income-generating medical facility with a strong tenant.

Listing ID #2403717

Commercial Sale For Sale

5264 Council, Cedar Rapids, Iowa 52402

$9,200,000
Beds0
Square Feet70,326
Construction Year1976
Lot Size5.87 Acre
Country : US
State : IA
County : Linn
City : Cedar Rapids
Zipcode : 52402
Baths0
Status CategoryPending
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Agent info
Tiffany Earl Williams
SKOGMAN REALTY COMMERCIAL
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Features
2403717
Commercial Sale
70,326 Sqft
1976
Off Street
Sprinkler/irrigation
Block Concrete
Close Of Escrow
Yes
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
Additional Details
5.87 Acre
Central Air
Central
See Remarks
2024-05-28 00:00:00
5.87 Acre

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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