NNN LEASES | CREDIT ANCHOR | $400K+ IN CAPITAL IMPROVEMENTS
Utica Crest Medical Building
Investment highlights
Recent Capital Investment: In the past year, ownership invested over $400K in major improvements, including a full roof replacement, while UnityPoint separately invested ~$130K in tenant improvements. These upgrades reduce near-term CapEx exposure and reinforce tenant commitment.
Strong Annual Rent Growth: The two tenants generate a weighted average annual increase of 4.65%, which is well above typical medical office benchmarks and provides a strong hedge against inflation.
Located by Major Medical Hub: The property is less than one mile from UnityPoint Health Trinity Bettendorf, a 139-bed hospital that has doubled admissions and recorded a 144% increase in patient days since opening in 2004.
Low Maintenance, Value Add Opportunity: NNN leases minimize landlord responsibilities with predictable expense reimbursements, while remaining vacancy offers clear upside through lease-up.
Investment Grade Credit: UnityPoint carries an AA- rating from Fitch, placing it among the highest-rated nonprofit health systems in the Midwest.
High-Visibility Corridor: Located just off I-74 with ±35,000 VPD, the site provides convenient access and proximity to major employment centers.
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