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Skogman Realty Logo New Pending Commercial Special purpose

5264 Council Street Northeast, Cedar Rapids, Iowa, 52402, USA

USD $9,200,000
Reference ID: 2403717 Web ID: b62d0
  • Long term sale leaseback with Mercy Medical

  • NNN lease with annual rent escalations

  • Medical facility hosting urgent care services

  • Includes dialysis and multiple medical practice groups

  • Income stream below replacement cost

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.
  • Transaction Type: Commercial
  • Property Type: Special purpose
  • Status: Pending
  • Area: 70,326 sf
Map
Businesses Nearby

Via Sofia's

(0.6 miles away)

Cruz's Cafe

(1 mile away)

Cheddar's Scratch Kitchen

(2 miles away)

Emil's Hideaway

(2 miles away)

Starlite Room

(2 miles away)

CITYWALK EATERY

(4 miles away)

The Map Room

(4 miles away)

The District CR

(4 miles away)

Crosby's

(4 miles away)

Lucky's on 16th

(5 miles away)
Public Transportation

MercyCare North Urgent Care

(0.5 miles away)

Mercy Health Plaza Rehabilitation Services

(0.5 miles away)

Ground Transportation Center

(4 miles away)

Cedar Rapids Transit

(4 miles away)

Cedar Rapids Transit

(4 miles away)
Airports

MercyCare North Urgent Care

(0.5 miles away)

Cedar Rapids Municipal Airport

(10 miles away)

Eastern Iowa Airport

(10 miles away)

Cedar Rapids VOR-DME CID 114.1

(12 miles away)

Iowa City Municipal Airport

(28 miles away)

Waterloo Regional Airport

(52 miles away)

Dubuque Regional Airport

(55 miles away)

Quad Cities International Airport

(72 miles away)

Des Moines International Airport

(109 miles away)
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Property Highlights

  • Long term sale leaseback with Mercy Medical

  • NNN lease with annual rent escalations

  • Medical facility hosting urgent care services

  • Includes dialysis and multiple medical practice groups

  • Income stream below replacement cost