2728 2nd Ave S - Medical FOR SALE


Fort Dodge, IA 50501
$2,400,000 USD
515-259-1041
2728 2nd Ave S, Fort Dodge, IA for Sale
$2,400,000 USD
Medical - FOR SALE
1/1
null | 6.08% Cap Rate

2728 2nd Ave S
Fort Dodge, IA 50501


HIGHLIGHTS

  • Absolute Net Lease - Minimal Landlord Responsibilities
  • 10% Rent Increase in 2026
  • Over 5 Years Left with Two 5-year Options to Renew
  • 5% Built-In Management Revenue
  • Only dedicated Urgent Care Clinic in Fort Dodge draws in customers from over 20 miles away
  • STNL Medical Office Building

OVERVIEW

The current NOI is $145,800 (6.08%), but the projected NOI for 2026 is $160,380 (6.68%). Strategically located in a high-growth market, urgent care clinics like this one benefit from strong local demographics, high traffic volumes, and close proximity to major highways and employers. This UnityPoint Clinic is positioned directly adjacent to Crossroads Mall, which is currently undergoing a $90 million redevelopment. The transformed Corridor Plaza has already attracted national retailers such as Dunham's Sports, Ulta Beauty, Maurices, and Chick-fil-A. The development will also feature a large event pavilion designed to host year-round activities, drawing visitors from surrounding communities. This freestanding UnityPoint Clinic Express is Fort Dodge’s first and only dedicated urgent care facility. Open seven days a week, it provides treatment for minor medical conditions and injuries, offering an essential, recession-resistant service supported by the stable revenue of a well-established healthcare brand. UnityPoint Health, a private nonprofit, employs more than 30,000 individuals across Iowa, Illinois, and Wisconsin. Since its founding in 1993, the organization has demonstrated consistent growth and industry leadership—most recently recognized by its inclusion on Forbes’ 2024 list of America’s Best Employers by State.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$617 USD /SF

CAP RATE

6.08%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

0721378002

ASK ABOUT THIS PROPERTY

Nora WalshSVN | CREATEMore Info
515-259-1041

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Nora WalshSVN | CREATEMore Info
515-259-1041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.