$9,200,000
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5264 Council Street NE Cedar Rapids, IA 52402
General Commercial
Residence
Beds
Baths
Sq. Ft.
5.87
Acre
Lot
Property Activity
Time on Site
days
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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 service...s, 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. Donât miss this rare opportunity to invest in a high-quality, income-generating medical facility with a strong tenant.
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MLS#
2403717
Property Type
General Commercial
Year Built
1976
Lot Size
5.87
Stories
1.0
Sewer
Public Sewer
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