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Skogman Realty Logo Pending Commercial Office

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

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

  • Medical facility hosting urgent care and dialysis

  • NNN lease with annual rent escalations

  • Stable income stream below replacement cost

  • Essential medical services location

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: Office
  • Status: Pending
  • Area: 70,326 sf
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Businesses Nearby

Chili's Grill & Bar

(0.2 miles away)

Via Sofia's

(0.6 miles away)

Biaggi's Ristorante Italiano

(1 mile away)

Emil's Hideaway

(2 miles away)

Granite City Food & Brewery

(2 miles away)

CITYWALK EATERY

(4 miles away)

The Map Room

(4 miles away)

The District CR

(4 miles away)

Black Sheep Social Club

(4 miles away)

Crosby's

(4 miles away)
Public Transportation

Blairs Ferry Rd. & Blairs Forest Blvd.

(1 mile away)

Ground Transportation Center

(4 miles away)

Neighborhood Transportation Service (NTS)

(4 miles away)

Burlington Trailways

(10 miles away)
Airports

Cedar Rapids Municipal Airport

(10 miles away)
Contact Skogman Realty
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Property Highlights

  • Long-term sale leaseback with Mercy Medical

  • Medical facility hosting urgent care and dialysis

  • NNN lease with annual rent escalations

  • Stable income stream below replacement cost

  • Essential medical services location