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3740 Utica Ridge Rd
Bettendorf, IA 52722
NNN | UnityPoint | MOB · Office Property For Sale
Investment Highlights
- Investment Grade Credit – UnityPoint Health and Genesis Health System (IA), have A1 credit ratings from Moody’s.
- Passive NNN Investment – All tenants are on NNN leases.
- Additional Return - $60K/year in additional rent for TI improvements being paid through 2025 increases the cap rate to 9.85%
- Industry Leader – UnityPoint Health is the nation’s 13th-largest nonprofit health system and the fourth-largest nondenominational health system in US
- Inflationary Protected Leases – All tenants have annual rent increases of 3%.
Property Facts
Property Type
Office
Property Subtype
Building Size
30,082 SF
Building Class
B
Year Built/Renovated
1974/1984
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
30,082 SF
Building FAR
0.15
Lot Size
4.68 AC
Amenities
- Courtyard
Property Taxes
| Parcel Number | 841737003-1 | Improvements Assessment | $2,963,000 |
| Land Assessment | $946,600 | Total Assessment | $3,909,600 |
Property Taxes
Parcel Number
841737003-1
Land Assessment
$946,600
Improvements Assessment
$2,963,000
Total Assessment
$3,909,600
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