Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 15,251-square-foot CVS Pharmacy in Iowa City, IA. Located at 2425 Muscatine Ave, 52240, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $263,035. The absolute NNN lease with CVS Pharmacy, a credit-rated tenant with a corporate guarantee, ensures minimal landlord responsibilities. The lease, originally signed in 2006 for 25 years, has over 7.2 years remaining on the… initial term, with ten 5-year renewal options. The property sits on a 1.56-acre lot and benefits from its prime location across from Towncrest Shopping Center, an 82,000-square-foot retail center anchored by Hy-Vee. The high-traffic area, with over 12,100 vehicles daily on Muscatine Avenue, and a dense population of over 63,800 residents within a three-mile radius, ensures consistent tenant performance. The asking price is $3,757,653, translating to a price per square foot of $246.39. This is a rare opportunity to acquire a stable, high-performing retail investment with a blue-chip tenant and significant long-term potential. The property's strong financials, coupled with its strategic location and the tenant's financial strength, make this an attractive investment for discerning buyers.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 15,236 SF
- Lot area
- 1.56 ac
- Year built
- 2001
- Stories
- 1
- APN
- 1013328002
- Assessed value · 2024
- $2,201,600
- Annual tax · 2023
- $77,772
- Retail Stores
- Office Building
- Commercial (general) · current use
- Industrial (general)
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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