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1085 W Penn Street

North Liberty, IA 52317
  • $2,935,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 2107796
UPDATED: 188 min ago
$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:

School Ratings & Info

Description

Frog Hollow Kid Campus is 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 and five year option to renew. Business is NOT for sale, only the building and land with minimal landlord responsibilities, making this an ideal passive investment opportunity. Sale is offered at an initial 6.25% CAP rate. 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 includes two fenced playground areas, 56-car concrete parking lot, and professional landscaping. Sale is subject to buyer's approval of seller's lease terms. Contact listing agent for Offering Memorandum.

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© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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: 2022-01-18T23:42:27.173.
www.lepicelite.com/homes/123307476
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1085 W Penn Street North Liberty, IA 52317

  • Price: $2,935,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 188 min ago
  • MLS #: 2107796
0
Beds
0
Baths
0
½ Baths
1.53
Acres
13,891
SQFT
$211
$/SQFT
2014
Built
Neighborhood:
Corridor Area
County:
Johnson
Area:
Corridor Area
Property Description
Frog Hollow Kid Campus is 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 and five year option to renew. Business is NOT for sale, only the building and land with minimal landlord responsibilities, making this an ideal passive investment opportunity. Sale is offered at an initial 6.25% CAP rate. 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 includes two fenced playground areas, 56-car concrete parking lot, and professional landscaping. Sale is subject to buyer's approval of seller's lease terms. Contact listing agent for Offering Memorandum.
Exterior Features

Construction Materials BlockFrameConcrete Exterior Features Sprinkler/Irrigation Fencing Fenced Levels Two Roof AsphaltShingle Stories Total 2

Interior Features

Basement YN No Cooling ZonedCentral Air Cooling YN Yes Flooring CarpetConcrete Heating ZonedCentralForced AirGas Heating YN Yes Interior Features Storage

Property Features

Association YN No Electric 3 Phase220 Volts Lease Amount 0 Lease Considered YN No Property Sub Type Investment Road Surface Type Paved Sewer Public Sewer Tax Annual Amount 50688 Tenant Pays Common Area MaintenanceElectricityGasHeatInsuranceJanitorial ServiceTaxesTrash CollectionWater Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Comm

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Ben Black of Keller Williams Legacy Group.
© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. 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: 2022-01-18T23:42:27.173.
 
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