121 W Benton St., Unit 824 Orchar
Iowa City, IA 52246

$1,585,000

  • 6,760
    Square Feet

Two NNN investment opportunities available separately in Iowa City ? a proven university market with stable long-term demand. Both properties are absolute NNN with tenants handling operating expenses, offering low-management income for the right buyer. 121 W Benton Street is the anchor of the two, a single-tenant absolute NNN with over 7 years remaining on a 10-year lease, annual rent bumps, and two 10-year renewal options extending the investment horizon well into the future. Priced at $1,350,000 at a 7.42% cap rate. 824 Orchard Street priced at approximately a 7.14% cap on current income. Current lease runs through March 2027 with a renewal...read more option, and the building suits a range of service-oriented uses. Properties may be purchased separately. Both are well-positioned in Iowa Citys commercial core, with easy access and established tenant bases. Contact listing agent for details on either or both.

Property Highlights

  • Cooling

    Other

  • Flooring

    Other

  • Heating

    Other

  • Taxes

    $0 Taxes

  • Year Built

    Built in 1974

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