111 State St Mason City, IA 50401

This exceptional 113,022 square foot executive office building, located at 111 W State Street in Mason City, Iowa, presents a compelling investment opportunity. Constructed in 1990 and extensively renovated in 2018, the property sits on a generous 8.21-acre lot within the Z-5 Central Business District (Cerro Gordo County, zip code 50401). Currently occupied by Principal Life Insurance Company under a single-tenant, NNN lease with approximately one year remaining, the lease includes annual rent increases of 1%. The landlord is responsible for maintaining the roof, foundation, underground utilities, structural components, and exterior walls. Ample parking is available, catering to a wide range of potential tenants. The building benefits from its strategic location in a revitalized area of Mason City, adjacent to a newly constructed ice arena. This prime location, coupled with the strong local workforce serving Principal Financial Group's pension operations, makes this property highly attractive for a variety of business types. The property's size and features make it ideal for a corporate headquarters or a large-scale office operation. This is a rare opportunity to acquire a well-maintained, high-profile building in a growing Iowa market.