Commercial Sale For Sale
70,326 Sqft - Council, Cedar Rapids, Iowa 52402
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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.

Property 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.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
2403717
Price:
$9,200,000
Beds:
0
Total Full Baths:
0
Baths:
0
Half Bathrooms:
0
Square Feet:
70,326 Sqft
Construction Year:
1976
Lot Size:
5.87 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52402
Status Category:
Pending
Features
Heating Fuel:
Central
Cooling System:
Central Air
Parking:
Off Street
Roof:
See Remarks
Exterior:
Sprinkler/irrigation
Construction:
Block, Concrete
Possession:
Close Of Escrow
Stories/Style:
Yes
Address Map
Street:
Council
Street Number:
5264
Floor Number:
0
Longitude:
W92° 20' 33.7''
Latitude:
N42° 1' 50.4''
More Information
Office Name:
SKOGMAN REALTY COMMERCIAL
Agent Name:
Tiffany Earl Williams
Virtual Tour2:
Directions:
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
Zoning:
Mixed
Lot Dimensions:
5.87 Acre
LA1Agent Logon Name:
earltiffany121
LA1Agent First Name:
Tiffany
LA1Agent Last Name:
Earl Williams
LO1Main Office ID:
CSKN05
PriceChangeTimestamp:
05-29-2024
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Tiffany Earl Williams
SKOGMAN REALTY COMMERCIAL
Additional Details
Central Air
Sprinkler/irrigation
Block, Concrete
Close Of Escrow
Yes
05/28/2024
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
5.87 Acre