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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IDX information provided courtesy of the Iowa City Area Association of Realtors MLS. IDX data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 3rd October, 2023 7:16 AM (UTC)
Listing Agent: Brad Houser
Listing Office: Skogman Realty Co.
