2489 Hwy 92 Washington, IA 52353
$1,391,379
For Sale






Details
- StatusFor Sale
- Price$1,391,379
- Cap Rate7.25%
- TenantsQuickVisit Urgent Care
- Lease TypeNNN
- Building Size3,000 SF
- Lot Size0.82 Acres
- NOI$100,875
Documents
Property Description
Discover a high-quality NNN investment with this brand-new QuickVisit Urgent Care facility in Washington, IA. Located at 2489 Hwy 92, this 3,000 SF medical property is secured by a 10+ year NNN lease with minimal landlord responsibilities and a corporate guarantee from QuickVisit Management, LLC.
The lease includes 1.25% annual rent increases and three 5-year renewal options, ensuring long-term income growth. With brand-new 2023 construction and an 18-year roof warranty, investors benefit from low maintenance costs and long-term durability.
Strategically located in Washington County, part of the Iowa City MSA, this property enjoys strong demographics, with an average household income of $69,011 within a 5-mile radius. Positioned near a Walmart Supercenter, Dollar Tree, Hills Bank, and other national retailers, this urgent care facility is set in a prime location with excellent consumer traffic.
Investment Highlights:
✅ Long-Term Lease – 10+ year NNN lease with a corporate guarantee
✅ Built for Stability – Brand-new construction (2023) with an 18-year roof warranty
✅ Strong Rent Growth – 1.25% annual increases and three 5-year renewal options
✅ Iowa City MSA Location – Near the University of Iowa, home to over 31,300 students
✅ Medical Essential Business – High demand for urgent care services in the region
✅ Minimal Landlord Responsibilities – Triple Net (NNN) lease structure
This is a rare opportunity to acquire a recession-resistant, passive income investment in a growing healthcare sector. Inquire today for more details!
Exclusively Listed by:
Kaveh Ebrahimi
📧 kaveh@bangrealty.com | 📞 513-646-2021
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