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
: Central
: Central Air
: Sprinkler/irrigation
: Carpet
: Off Street
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
Council
5264
Street
0
W92° 20' 35.6''
N42° 1' 52.4''
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
NE
MLS Addon
SKOGMAN REALTY COMMERCIAL
Tiffany Earl Williams
$0
0 Sqft
$0
$0
$0
$0
Full,unfinished
0 Sqft
: Private Restrooms, Pole Sign, Multi-tenant
0
7
River
One
earltiffany121
CSKN05
5.87 Acre
Active
140325100700000
: See Remarks
: Public Sewer
1
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Mixed

5264 Council Stream, Cedar Rapids, Iowa 52402 - Commercial Sale For Sa

5264 Council Street, Cedar Rapids, Iowa 52402

70,326 Sqft
$9,200,000
Listing ID #2403717
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2403717
Price : $9,200,000
Square Footage : 70,326 Sqft
Year Built : 1976
Lot Area : 5.87 Acre
Property Sub Type : Investment
Status : Active
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent