Properties

PROPERTY DETAILS
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.

Property Type : Commercial Sale
Listing ID : 2403717
Listing Type : For Sale
Price : $9,200,000
Year Built : 1976
Lot Area : 5.87 Acre
Building Area Total : 70326
Lease Amount Unit : Dollars Per Square Foot
Property Type : Investment
Area : NE Quadrant
Listing Status : Active
Property Sub Type : Investment
Roof : See Remarks
Property Subtype : Investment
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.

Features
: Off Street
: Sprinkler/Irrigation
: Carpet
: Public Sewer
: Electricity Available , Natural Gas Available
Address Map
US
IA
Linn
Cedar Rapids
52402
Council
5264
Street
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
NE Quadrant
NE
Mixed
More Information
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams
$0
$0
$0
Additional Information
: Block , Concrete
220 Volts
: One
5.87 Acre
2024-05-28
1
1
https://www.propertypanorama.com/instaview/cdr/2403717
: Public
Financial
76832
Listing Information
earltiffany121
CSKN05
Cash
Active
2024-06-04T19:00:44Z
CDR
2024-05-29T15:17:13Z

5264 Council Stream Ne, Cedar Rapids, Iowa 52402

5264 Council Stream Ne, Cedar Rapids, Iowa 52402

  • Lot Area: 5.87 Acre
List Price: $9,200,000.00
Listing ID#2403717
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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