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3740 Utica Ridge Rd, Bettendorf, IA, 52722

Utica Crest Medical Building
$4,115,000

Key Information

Cap Rate
8.19%
$ per SF
$136
Tot. SF
30,082
Lot Size
4.68 Acres
Year Built
1974/ R 2024
Type
Healthcare
Occupancy
78.32%
NOI
$337

Highlights

  • Recent Capital Investment: In the past year, ownership invested over $400K in major improvements, including a full roof replacement, while UnityPoint separately invested ~$130K in interior upgrades. These upgrades reduce near-term CapEx exposure and reinforce tenant commitment.
  • High-Visibility Corridor: Located just off I-74 with ±35,000 VPD, the site provides convenient access and proximity to major employment centers.
  • Proximity to Major Medical Hub: The property is less than one mile from UnityPoint Health – Trinity Bettendorf, reinforcing long-term demand for healthcare services. Since opening in 2004, the 139-bed hospital has doubled admissions and experienced a 144% increase in patient-days.
  • Dense, Affluent Demographics: More than 150k residents live within 5-miles, with above-average household incomes that support both medical and childcare tenancy.
  • Investment Grade Credit: UnityPoint carries an AA- rating from Fitch, placing it among the highest-rated nonprofit health systems in the Midwest.

Photos

Location

Agents

Broker of Record

Adam Marek

License # F03991000 (IA)
Pacific Realty Commercial, LLC
11516 Miracle Hills Dr. Ste #400 Omaha, NE 68154