135 80Th St Fairfax, IA 52228

This exceptional investment opportunity presents a 3,055 square foot medical office building, currently operating as a thriving veterinary clinic, available for sale-leaseback. Located at 135 80th St, Fairfax, IA 52228, this single-story, 2010-built property sits on a 0.306-acre lot and is zoned C2, Highway Commercial. The asking price is $475,000, representing a compelling price per square foot of $155.48 and a 9.62% cap rate. The property boasts a 100% occupancy rate with a strong, creditworthy tenant committed to a 3-5 year lease at $14.95 per square foot, NNN. The gross lease structure simplifies ownership, and the low-maintenance aspect is further enhanced by HOA fees covering insurance, trash removal, lawn care, and snow removal. This commercial condominium is ideally situated in Fairfax, a convenient bedroom community to Cedar Rapids (population ~276,000, median age 36). The property's Net Operating Income (NOI) is $45,672. The APN is 20102-52013-01000. This sale-leaseback presents a stress-free ownership experience with minimal involvement, making it an attractive addition to any investment portfolio. The property features one building with a single story.