907 Highway 6 E, Iowa City, IA 52240 | Iowa City Home For Sale and Real Estate

907 Highway 6 E, Iowa City, IA 52240

$1,425,000   

  • Sold
  • MLS# 20163780
  • Commercial
  • $1,489,000Listed Price
  • $1,425,000Sold Price
  • 92Active Days On Market
  • 0Beds
  • 0Baths
  • 3180Sqft
  • Style
  • 0Baths
  • 0.42Acres
  • 3180Sqft
  • 0.42Acres
  • JohnsonCounty

907 Highway 6 E

Iowa City, IA 52240

$1,425,000


  • Sold
  • MLS# 20163780
  • Commercial
  • Listed Price $1,489,000
  • Sold on 09/16/2016
  • Active Days on market 92
  • 0Beds
  • 0Baths
  • 3180Sqft
  • Style
  • 0Baths
  • 0.42Acres
  • 3180Sqft
  • 0.42Acres
  • JohnsonCounty


  • New Listing
  • Price Reduced( )
INVESTMENT HIGHLIGHTS: LEASE-Newly exercised option for 10 years with 8.3% rental escalation in the 5th year! TENANT-Timberline Management, Inc. currently operates 12 restaurants throughout Eastern Iowa SEASONED LOCATION-Taco Bell has been at this location since 2005-recent 10 year renewal re-confirms their commitment to this location. PAD SITE-Situated on a pad sit of high volume Big Kmart & Slumberland Anchored CAP RATE-6.5% LEASE TYPE: NN LEASE EXP: 1/13/2026
Subdivision
Bedrooms 0
Bathrooms Full: 0  3/4: 0  Half: 0
Lot Size Less Than .5 Acre
Lot Style
Style
Taxes(Est) 22026.00
Year Built 2005
Square Footage 3180
Finished Bsmt Sq.Ft.
County Johnson
High School
Foreclosure
Exterior(Est)
Exterior Amenities
Interior Features
Roofing Other
Water/Sewer
Heat/Cool Gas,Central A/C
Basement
Appliances
No of Fire places
Fireplace
Kitchen/Dining Remarks
Additional Amenities

Listing originally offered by : Patty Elliott, Elliott Realty Group
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