Great passive income play in the heart of Iowa City. Situated along the W Benton Street corridor with strong visibility and easy access serving the University of Iowa community and surrounding neighborhoods. This is a true absolute NNN; tenant handles everything including taxes, insurance, HVAC, maintenance, and roof. Landlord just collects a check. Lease runs through July 2033 with two 10-year renewal options, so you're looking at a potential hold to 2053. Annual 2% rent bumps are baked in throughout the initial term and both extensions. Priced at $1,350,000 reflecting a 7.42% cap rate on current NOI. Good fit for a 1031 buyer or anyone looking for low-hassle NNN income in a stable university town market.

Based on information submitted to IA_ICAAR_API as of August 19, 2026 8:40 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Name

Your Email Address

Phone

Message Send me the deed for 121 W Benton Street Iowa City IA 52246 (ID#:202605069)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message Send me the survey or tax map for 121 W Benton Street Iowa City IA 52246 (ID#:202605069)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Name

Your Email Address

Phone

Message I would like more information for 121 W Benton Street Iowa City IA 52246 (ID#:202605069)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Listing Tools

Property Details of 121 W Benton Street

Map Location

Bonnie Tiernan

Jessica Tiernan

The Tiernans

Hi there! How can we help you?

Listing Tools

Hi there! How can we help you?

Property Details of 121 W Benton Street

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?