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5264 Council NE Street, Cedar Rapids, IA 52402
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$9,200,000
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Home Details for 5264 Council NE Street
Price
$9,200,000
Type
Commercial/Industrial
Year Build
1976
Sq. Ft.
70326
Lot Size
5.87
County
Linn
Tax
$76,832
MLS®️ Listing#
2403717
On exitrealty.com
490 days
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.
- Utilities
- Electricity Available
- Natural Gas Available
- Cooling Information
- Central Air
- Heating Information
- Central
- Water Features
- Public
- Parking
- Off Street
Listing Courtesy: SKOGMAN REALTY COMMERCIAL - 319-363-8286. Presented by: Tiffany A Earl Williams
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
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$9,200,000
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EXIT EASTERN IOWA REAL ESTATE
1965 51st St. N.E Suite A, Cedar Rapids, IA 52402