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5264 Council Street NE

Cedar Rapids, IA 52402
  • $9,200,000
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 2403717
UPDATED: 69 min ago
$9,200,000
  • 0
    BEDS
  • 5.87
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 70,326
    SQFT
  • $131
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

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. Dont miss this rare opportunity to invest in a high-quality, income-generating medical facility with a strong tenant.

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© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Market Real Estate Group. Data last updated: 2024-09-16T13:42:46.373.
www.buyandselliowa.com/homes/151069549
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5264 Council Street NE Cedar Rapids, IA 52402

  • Price: $9,200,000
  • Status: Active
  • On Site: 109 Days
  • Updated: 69 min ago
  • MLS #: 2403717
0
Beds
0
Baths
0
½ Baths
5.87
Acres
70,326
SQFT
$131
$/SQFT
1976
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
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. Dont miss this rare opportunity to invest in a high-quality, income-generating medical facility with a strong tenant.
Exterior Features

Construction Materials BlockConcrete Exterior Features Sprinkler/Irrigation Levels One Parking Features Off Street Roof See Remarks Stories Total 1

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating Central Heating YN Yes

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Investment Security Features Security System Sewer Public Sewer Tax Annual Amount 76832 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Mixed

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tiffany Earl Williams of SKOGMAN REALTY COMMERCIAL: 319-363-8286.
© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Market Real Estate Group. Data last updated: 2024-09-16T13:42:46.373.
 
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Market Real Estate Group
1957 Blairsferry Rd NE
Cedar Rapids IA, 52402