Property Description
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.
Features
: Central
: Central Air
: No
: No
: No
: No
: No
: Sprinkler/irrigation
: Concrete
: No
: No
: Off Street
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
Blairs Ferry
1140
Road
0
W92° 20' 46.9''
N42° 2' 8.2''
On Blairs Ferry Rd between Council St and Rockwell Dr NE
NE
MLS Addon
GLD COMMERCIAL
Adam Gibbs
$0
0 Sqft
$0
$0
$0
$0
Full,unfinished
0 Sqft
: Kitchen Facilities, Private Restrooms, Pole Sign, Multi-tenant
0
: No
: No
455
River
One
gibbsadam121
CGLDC
1.12 Ac
Active
14032-26008-00000
: No
: Membrane
: Public Sewer
1
SMC
1140 Blairs Ferry Road, Cedar Rapids, Iowa 52402 - Commercial Sale For
1140 Blairs Ferry Road, Cedar Rapids, Iowa 52402
7,801 Sqft
$2,362,335
Listing ID #2305139
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2305139
Price : $2,362,335
Square Footage : 7,801 Sqft
Year Built : 1993
Lot Area : 1.12 Acre
Property Sub Type : Retail
Status : Active
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
- Sales Team
- View website
- 3194239515
-
sales@twenty40concepts.com
Contact Agent