Essential Service Tenant Base: The property is 85.6% occupied and anchored by long-standing medical, behavioral health, and government service users, providing durable and recession-resilient income.
$362K of Recent Capital Improvements: Ownership completed substantial upgrades in 2024, including new roofs on all four buildings, and parking lot repairs, sealing, and restriping. These improvements enhance long-term durability and reduce near-term capital expenditure risk for investors.
Diverse Mix of Services: The tenant roster includes counseling practices, therapy groups, legal and social service organizations, and state agencies, which reduces rollover risk and aligns with long-term demand for outpatient services.
Attractive In Place Income with Built-In Growth: The asset generates $295,944 NOI at a 10.20% cap rate and benefits from annual rent increases and automatic renewal options that support predictable and growing cash flow.
Proximity to Major Healthcare and Employment Drivers: The site benefits from immediate access to major Quad Cities demand generators, including nearby hospitals, major employers, and regional workforce hubs