1275 Highway 1 Iowa City, IA 52246

This exceptional retail investment opportunity presents a 12,517 square foot shopping center situated on a 2.32-acre lot at 1275 Hwy 1 W in Iowa City, IA 52246. Built in 2017, this single-story building offers tremendous visibility and signage opportunities due to its location along busy Highway 1. The property boasts abundant parking and convenient access via a signalized intersection. Currently, there is 3,867 square feet of vacant space available, presenting a chance for immediate income generation or lease customization. The property features a net lease structure and is offered at an attractive asking price of $2,950,000, representing a 7.25% capitalization rate based on a net operating income (NOI) of $213,548. This NOI calculation includes a two-year seller leaseback at $10.00 per square foot, net, net, net (NNN), payable at closing. The property's proximity to the University of Iowa further enhances its investment appeal. This is a rare opportunity to acquire a well-located, recently constructed retail center with significant upside potential in a thriving Iowa City market. The property consists of one building with multiple tenants.