This Office Property is no longer advertised on LoopNet.com.

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
Medical
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

Property Taxes

Parcel Number
841737003-1
Land Assessment
$946,600
Improvements Assessment
$2,963,000
Total Assessment
$3,909,600
  • Listing ID: 24384665

  • Date on Market: 10/28/2021

  • Last Updated:

  • Address: 3740 Utica Ridge Rd, Bettendorf, IA 52722

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