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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

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

📞 Contact us today for more details!

Map

Contact

Portrait of Kaveh Ebrahimi of Helios CRE

Kaveh Ebrahimi

Managing Partner

DRE 1896322

(805) 889-7837

Request more information.