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Iowa City, IA NNN Properties for Sale

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Leased NNN Retail Investment
Updated: Jun 2
Leased NNN Retail Investment

Iowa City, IA 52240

$4,995,000
2.57 AC lot
36,322 SF leased commercial property with long‑term tenants: Advanced Auto Parts and Goodwill Industries
Advanced Auto Parts occupies an 8,086 SF suite since 1997; Goodwill occupies 28,277 SF (expanded to full space in 2021)
NNN lease rates: $11.17 NNN (Advanced Auto) and $12.00 NNN (Goodwill); reported 7.7% capitalization rate with scheduled increases
Central air and forced‑air natural gas heating; zero‑step entry and concrete flooring
Shared parking lot with the building to the east provides approximately 125 parking spaces
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Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Iowa City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

First-Floor Office Suite
First-Floor Office Suite

1100 6th Street B1, Coralville, IA 52241

$475,000
2,168 sqft

Leased first-floor office suite with five offices, reception, kitchenette, and direct building entrance access.

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Stand-Alone NNN Retail Building
Stand-Alone NNN Retail Building

3475 Westdale Drive SW, Cedar Rapids, IA 52404

$6,595,555
40,703 sqft

Leased stand-alone Burlington Coat Factory property with a remaining term and scheduled 10% rent increase.

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First-Floor Office Suite with NNN Tenant
First-Floor Office Suite with NNN Tenant

1100 6th St, Coralville, IA 52241

$465,000
0.05 AC lot

2,168 SF first-floor suite with direct building entrance access, five offices, reception, kitchenette, and restroom within an NNN property.

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Distribution Warehouse Investment Opportunity
Distribution Warehouse Investment Opportunity

4520 20th Ave SW, Cedar Rapids, IA 52404

Contact for pricing
232,750 sqft

232,750 SF distribution warehouse with strong tenant and cash flow.

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Iowa City, IA Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Iowa City, IA on our real estate platform.

Sale prices for triple net lease properties in Iowa City, IA average $4,995,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 108K
Population Growth (5Y) +35.7%
Median Household Income $62,209
College Educated 50.5%

High-Yield Neighborhoods for Investment

Identify Iowa City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
52240 $5M

Taxes & Financing

Tax Rate (average for all types) 3.25%
Property Tax per SF $18.14 per SF
Tax Rate vs County Average 0.17 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Johnson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Iowa City fall within the 100,000+ square foot range.

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