Property Description

For Sale: Single-tenant Starbucks at 3214 1st Avenue NE, Cedar Rapids, IA. Offered at a 5.85% cap rate, the property generates $150,810 annually with a 10% rent increase at EOY Year 5 and 9 years remaining on the lease (exp. 2/28/2035). Located on 1st Avenue NE, one of the city’s most prominent retail corridors, the site offers strong visibility, traffic counts, and a dense surrounding customer base. Recent property updates and Starbucks’ long-term commitment make this an attractive, stable investment opportunity.

Features
: Central
: Central Air
: Concrete
: Public Sewer
: Electricity Available, Natural Gas Available
Address Map
IA
Linn
Cedar Rapids
52402
1st
3214
Avenue
W92° 21' 52''
N42° 0' 36.2''
Located on the NW corner of 1st Ave NE and 32nd St NE
NE Quadrant
NE
TMC
MLS Addon
GLD COMMERCIAL
Adam Gibbs
Sqft0
Sqft0
Sqft0
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Additional Information
Restaurant
: Block, Concrete
: One
.622 AC
2025-09-02
2577950
1
1
https://www.propertypanorama.com/instaview/cdr/2507485
: Public
Financial
18354.0
Listing Information
gibbsadam121
CGLDC
Cash, Other
Active
2025-10-17T14:06:03Z
CDR
2025-09-02T14:49:04Z

3214 1st Avenue Ne, Cedar Rapids, Iowa 5242 - Commercial Sale For Sale

3214 1st Avenue Ne, Cedar Rapids, Iowa 5242

2,437 Sqft
$2,513,500
Listing ID #2507485
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2507485
Price : $2,513,500
Square Footage : 2,437 Sqft
Year Built : 2024
Lot Area : 0.62 Acre
Status : Active
F 150 : Off Street
Property Sub Type : Retail
Roof : Membrane
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent