$9,200,000
70,326
5.87 Acre Lot

5264 Council Stream Ne, Cedar Rapids, Iowa 52402

  • Commercial Sale Property Type
  • 70,326 Square Footage
  • Off Street Cars Garage
  • 1976 Year Built
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
Commercial Sale
For Sale
2403717
$9,200,000
70,326
1976
5.87 Acre
SKOGMAN REALTY COMMERCIAL
Active
Investment
: See Remarks
Features
: Central
: Central Air
: Off Street
: Electricity Available, Natural Gas Available
: Sprinkler/Irrigation
: Carpet
: Public Sewer
Address Map
US
IA
Linn
Cedar Rapids
52402
Council
5264
Street
Mixed
Collins Rd NE to Council St NE N (between Collins and Blairs Ferry)
NE Quadrant
NE
Additional Information
https://www.propertypanorama.com/instaview/cdr/2403717
: Public
: Block, Concrete
220 Volts
: One
5.87 Acre
2024-05-28
1
1
Financial
76832
Listing Information
Tiffany Earl Williams
CSKN05
Cash
Active
2024-06-04T19:00:44Z
CDR
2024-05-29T15:17:13Z
Agent info
Lepic-Kroeger REALTORS®
Contact Agent