135 80Th Street CtFairfax, IA 52228

Property Details for 135 80Th Street Ct

Year built

2010

Lot size

0.31 AC

Property size (Sq ft)

3,055 SF

Property type

Specialty properties

APN

20102-52013-01000

APU

201025201301000

Description

This exceptional investment opportunity presents a rare sale-leaseback of an established veterinary clinic located at 135 80th Street Unit 1, Fairfax, IA. The property sits on a 0.31-acre lot and is a commercial condominium, offering a secure and low-maintenance investment. The seller will commit to a new 3-5 year lease at a rate of $14.95 per square foot, NNN (Net, Net, Net). This means the tenant is responsible for property taxes, insurance, and common area maintenance, minimizing the owner's ongoing expenses. The HOA fees comprehensively cover building insurance, trash removal, lawn care, and snow removal, further simplifying ownership. The clinic benefits from a central location in Fairfax, a thriving bedroom community conveniently situated near Cedar Rapids, IA. Cedar Rapids boasts a substantial population of approximately 276,000 residents, with a median age of 36, indicating a strong and growing market. This sale-leaseback provides immediate cash flow and long-term stability, making it an attractive proposition for discerning investors seeking a low-risk, high-return investment in a desirable location. The property is priced at $475,000. Further details are available upon request.

• Alternative Use

  Use

  Valuation

  Residential

  $575,612

  Hospitality

  $527,257

  Educational

  $438,672

  Medical

  $453,758

  Retail

  $682,378

Location Insight

City

Fairfax

County

Linn

State

Iowa

Latitude

41.9283

Longitude

-91.7738

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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