1065 N Center Point Rd

1065 N Center Point Rd, Hiawatha, IA 52233

Property Information

  • For Sale $1,495,000
  • Property Type Office - General Office
  • Property Size 9,045 SF
  • Lot Size 0.63 Acre
  • Cap Rate % 7.5
  • Zoning Commercial
  • Building Class B
  • Date Updated Nov 6, 2026

Description

Outstanding investment opportunity at 1065-1067 N Center Point Road, Hiawatha, IA. This 9,045 SF multi-tenant building is 100% occupied by high-quality tenants on NNN leases with annual rent escalations, delivering secure, predictable cash flow with NOI of $112,476 — a 7.5% cap rate at the offering price of $1,495,000. The modern, masonry building has been fully remodeled in recent years and is very well maintained. It offers great access to I-380, ideally positioned near the intersection of North Center Point Road and Boyson Road. This asset combines strong tenancy, prime location, and long-term stability — an excellent addition to any investment portfolio.

Contacts

Location

Contact 1065 N Center Point Rd
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