865 Lincoln Rd - Medical FOR SALE
Bettendorf, IA 52722 |
865 Lincoln Rd
Bettendorf, IA 52722
HIGHLIGHTS
- 39,899 square foot, 100% occupied, multi-tenant medical office building
- Over 7.5 years of weighted average lease term remaining
- Two tenant facility utilized by University of Iowa Hospitals & Clinics (Moody’s Aa2) and Genesis Health System (Moody’s A1)
- All NNN leases with contractual rent escalations
- Significant investment by University of Iowa Health Care via long-term leases and tenant improvements for new urgent care and family practice clinic
- Iowa Board of Regents, with 2021 revenue exceeding $1.6 billion, guarantees 74% of rentable square feet
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
University of Iowa Health Care Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
39899
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
300
LAND DETAILS
LAND ACRES
3.92 AC AC
LAND SF
170,755 SF
ZONING
-
APN/PARCEL ID
8429120012
