Description
Single-tenant building with great visibility & drive-through. Tenant lease was just extended through April 30, 2022 at $5,374.69 per month. At $64,496.28 annual income, $850,000 is a 7.59% cap rate. Tenant pays association fees and takes care of exterior maintenance except roof. Contact listing agent for tenant details. This property is next to a new trampoline park (Defy), Taco Bell, the main Iowa City Post Office, MidWestOne Bank, Sherwin Williams, Slumberland & more.
-
0BEDS
-
0.6ACRES
-
0BATHS
-
01/2 BATHS
-
3,857SQFT
-
$220$/SQFT
School Ratings & Info
Description
Single-tenant building with great visibility & drive-through. Tenant lease was just extended through April 30, 2022 at $5,374.69 per month. At $64,496.28 annual income, $850,000 is a 7.59% cap rate. Tenant pays association fees and takes care of exterior maintenance except roof. Contact listing agent for tenant details. This property is next to a new trampoline park (Defy), Taco Bell, the main Iowa City Post Office, MidWestOne Bank, Sherwin Williams, Slumberland & more.
© 2021 Iowa City Area Association of Realtors. All rights reserved. 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 is deemed reliable but is not guaranteed accurate by the MLS or The Johnson Team. Data last updated: 2021-01-26T15:25:46.053