Village Inn 9 Sturgis Corner Dr 4,944 SF Retail Building Iowa City, IA 52246 $1,770,000 ($358.01/SF) 6.44% Cap Rate

Located at a high-visibility hard corner on Highway 1 and Riverside Drive, this freestanding Village Inn restaurant presents a rare opportunity to acquire a net-leased asset in the heart of Iowa City. The property benefits from absolute net lease terms with a corporate tenant, minimizing landlord responsibilities and ensuring stable cash flow. The tenant’s recent renewal through October 2030 underscores their long-term commitment to this location.
Strategically positioned less than three-quarters of a mile from the University of Iowa Hospital and Campus, the site draws consistent traffic from students, faculty, medical staff, and visitors. Surrounding anchors such as Walmart, Hy-Vee, Staples, and Fin & Feather further enhance the area’s retail synergy. The property’s irreplaceable corner placement ensures strong visibility and accessibility, while demographic data reveals a dense and youthful population with solid household incomes within a one-mile radius.
This investment offers a compelling blend of location strength, tenant stability, and income performance. With a 6.44% cap rate and strong rent-to-sales metrics, it’s an ideal addition to any portfolio seeking passive income and long-term value in a thriving university town.