Cedar Rapids, IA Retail Property For Sale

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Retail for Sale

Cedar Rapids, IA 52402

LOCATION OVERVIEW

Excellent location on Blairs Ferry Rd NE between Council Street and Rockwell Dr near Target.

PROPERTY OVERVIEW

Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.

PROPERTY HIGHLIGHTS

• Fully leased multi-tenant retail investment opportunity

• Located on highly travelled Blairs Ferry Rd NE

• 128 parking spaces

• 7.25% CAP rate

Retail for Sale

Cedar Rapids, IA 52403

LOCATION OVERVIEW:

Ideally located on 1st Avenue/Hwy 151 in the heart of Cedar Rapids' retail/commercial district near the busiest corner in Linn County. Sited across from Lindale Mall on an outparcel of Home Depot and Marketplace on 1st, offers maximum exposure in the market.

PROPERTY OVERVIEW:

Net leased investment opportunity with two national credit tenants: FedEx Office and Aspen Dental. FedEx Office, with over 2200 locations nationwide, is a strong investment grade tenant with a market capitalization of over $50 Billion. Aspen Dental, the largest and fastest-growing branded network of dental practices in the US

has nearly 900 locations in 42 states nationwide. Aspen Dental has pursued an aggressive growth strategy. The company targets new locations located in super-regional retail areas. In 2020, the company forecasted that more than 800 branded practices will service 5 million patient appointments. Aspen dental net lease properties are highly sought after investments. Considerable term remaining on both leases. Ownership contains licensed real estate professionals in the State of Iowa.

PROPERTY HIGHLIGHTS:

• Net leased retail investment opportunity

• Tenants: FedEx Office, Aspen Dental

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