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1085 W Penn St

North Liberty, IA 52317
  • $2,935,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 202106077
$2,935,000
  • 0
    BEDS
  • 1.53
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,891
    SQFT
  • $211
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2014
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Presented is the opportunity to acquire one location of Frog Hollow Kid Campus located at the busy intersection of Penn St and Jones Blvd in North Liberty. This is a single-tenant leaseback NNN investment opportunity with new 10-year lease term to begin at closing with a five year option to renew. Sale is offered at an initial 6.25% CAP rate. Frog Hollow has a proven track record of steady enrollment and has been a leader in child care in the community since its inception. The sale is to include the building and land with minimal landlord responsibilities, making this an ideal passive investment opportunity. Floor plan includes two levels with 11 classrooms (each with their own bathrooms), elevator, kitchen, reception/office area, teacher's lounge, guest bathrooms, and storm safety shelter on main level. Classrooms are individually zoned with high efficiency HVAC system. Site also includes two fenced playground areas, 56-car concrete parking lot, two driveway entrances, and professional landscaping. The owner is not interested in selling the business nor the second location in North Liberty at this time. Sale is subject to buyer's approval of seller's lease terms.

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© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-01-28T00:25:36.353
www.lepicelite.com/homes/123314217
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1085 W Penn St North Liberty, IA 52317

  • Price: $2,935,000
  • Status: Active
  • On Site: 73 Days
  • MLS #: 202106077
0
Beds
0
Baths
0
½ Baths
1.53
Acres
13,891
SQFT
$211
$/SQFT
2014
Built
Neighborhood:
Nw Quadrant
County:
Johnson
Area:
Nw Quadrant
Elementary School:
Garner
Middle School:
North Central
High School:
Liberty High School
Property Description
Presented is the opportunity to acquire one location of Frog Hollow Kid Campus located at the busy intersection of Penn St and Jones Blvd in North Liberty. This is a single-tenant leaseback NNN investment opportunity with new 10-year lease term to begin at closing with a five year option to renew. Sale is offered at an initial 6.25% CAP rate. Frog Hollow has a proven track record of steady enrollment and has been a leader in child care in the community since its inception. The sale is to include the building and land with minimal landlord responsibilities, making this an ideal passive investment opportunity. Floor plan includes two levels with 11 classrooms (each with their own bathrooms), elevator, kitchen, reception/office area, teacher's lounge, guest bathrooms, and storm safety shelter on main level. Classrooms are individually zoned with high efficiency HVAC system. Site also includes two fenced playground areas, 56-car concrete parking lot, two driveway entrances, and professional landscaping. The owner is not interested in selling the business nor the second location in North Liberty at this time. Sale is subject to buyer's approval of seller's lease terms.
Exterior Features

Additional Square Feet 10000-20000 Sqft Construct Cm BlockBrickFrame Road Frontage County/City RoadInterstate ServicePavement Roof Type Composition

Interior Features

Cooling Central A/CFansZoned Elevators Yes Floor Type CarpetCeramic TileConcrete Slab/GradeVinyl/Vinyl Tile Heating GasCentralForced AirZoned/Dual Heat

Property Features

Bank Owned NO Business Educational Ci Features Partially FencedSprinkler System Gross Taxcounty And City 50688 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location Corner LotFreestanding Lot Dimensions 295 X 208 Ownership Type Commercial Possible Financing CashConventionalExchange Sale Includes Building &Amp; Land Sale Lease For Sale Special Features Other Type Of Lease N/A Utilities Available ElectricitySewerUnderground UtilitiesWater-City Zoning Commercial

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Ben Black of Keller Williams Legacy Group.



© 2022 Iowa City Area Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-01-28T00:25:36.353
 
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