5264 Council Street NE, Cedar Rapids, IA 52402
MLS Number: 2403717 |
Subtype: Commercial | Area: NE Quadrant
$
9,200,000
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
-
County: Linn
-
Lot Size: 5.87 Acre
-
Acres: 5.8700
-
Year Built: 1976
-
Zoning: Mixed
-
Gross tax: $76,832.00
Building
Total Building SF: 70,326
Ceiling Height: 7ft-10ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
IDX information is provided exclusively for customers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which consumers may have an interest. The data provided is deemed reliable but is not guaranteed accurate by the MLS, GLD Commercial and/or its affiliates.