Description
Commercial tenant occupied investment opportunity. This Class A, commercial condo has a high-end build-out in a growing location. This investment is a 7.73% cap rate for this 12,706 SF tenant, Thrive Gym. Tenant secured NNN lease with a CPI increase in 2023. Good visibility and plenty of parking in a growing community with neighbors of Balance Autism, Business & Financial Strategies, Watts Group Development, Pugh, Hagan, and Prahm Law Firm, and Sanctuary Community Church. Also, the suite is for lease in another MLS listiing. Floor plan attached.
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0BEDS
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0.81ACRES
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0BATHS
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01/2 BATHS
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12,706SQFT
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$98$/SQFT
School Ratings & Info
Description
Commercial tenant occupied investment opportunity. This Class A, commercial condo has a high-end build-out in a growing location. This investment is a 7.73% cap rate for this 12,706 SF tenant, Thrive Gym. Tenant secured NNN lease with a CPI increase in 2023. Good visibility and plenty of parking in a growing community with neighbors of Balance Autism, Business & Financial Strategies, Watts Group Development, Pugh, Hagan, and Prahm Law Firm, and Sanctuary Community Church. Also, the suite is for lease in another MLS listiing. Floor plan attached.
© 2023 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 | Skogman Realty. Data last updated: 2023-06-10T21:25:38.61