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1755 15th Street Southwest Mason City, IA 50401

Sponsored
For Sale
$5,304,658

Net-leased industrial building in Mason City, IA

Property size:
43,038 SF

Description

Added:
Jan 24, 2025
Days on Market:
347
This exceptional investment opportunity presents a 43,039-square-foot industrial building in Mason City, IA, currently leased to FedEx Ground under a net lease. The lease, recently extended, boasts a strong corporate guarantee and runs until August 2029, with two additional five-year option periods. This provides significant long-term stability and predictable cash flow. The property enjoys a prime location with convenient access to US-18, a key transportation artery. Mason City offers a diverse economy, mitigating risk with a spread of employment sectors including manufacturing, healthcare, finance, technology, and education. The area's largest employer, MercyOne North Iowa Medical Center, recently expanded its services, further solidifying the region's economic strength. This fee-simple ownership offers minimal landlord responsibilities, making it an attractive, low-maintenance investment. The investment-grade credit rating of FedEx Ground adds another layer of security to this compelling opportunity. The property's size, location, and tenant combine to create a robust and reliable income stream for the discerning investor. This is a rare chance to acquire a high-quality, net-leased asset with a strong tenant and a long-term lease. The 5.1-acre lot provides ample space and potential for future expansion. The property's strong financial performance, coupled with the stability of the tenant and location, makes this an ideal addition to any portfolio.

Property Features for 1755 15th Street Southwest

General Information

Property type
Warehouses
Square Feet
43,038 SF
Price / Square Foot
$123
Elevators
N/A
Lot Size
222,156 SF
Net Operating Income
$411,111

Building Details

Buildings
1
Stories
1

HighLights

  • 43,039 SF building leased to FedEx Ground on a net lease.
  • Lease extends to August 2029 with two 5‑year options.
  • Strategically located in Mason City, IA, with convenient US‑18 access.
Location Intelligence

Current Use by Public Records

FedEx Ground Trucking Company Tavo's Carpet & Flooring ... Carpet Wholesaler

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mason City
State
Iowa
Longitude
-93.228663
Latitude
43.136487

FAQs

What type of property is this?
Warehouse - Net-leased industrial building in Mason City, IA
Where is this warehouse located?
The property is located at 1755 15th Street Southwest Mason City, IA.
What is the asking price?
The asking price for this property is $5,304,658.
What are key features of this property?
This property features: 43,039 SF building leased to FedEx Ground on a net lease.; Lease extends to August 2029 with two 5-year options.; Strategically located in Mason City, IA, with convenient US-18 access.
More about this property
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