0 Baths
$2,362,335
1140 Blairs Ferry Rd NE, CedarRapids IA, 52402
Price per sqftN/A
Built in1993
Property typeCommercial
Overview
Active
Listed Aug 3, 2023
Updated 9 days ago
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. 7.5% CAP rate. Current NOI: $175,972; 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.
Additional information
- MLS® ID
- 202304179
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.18 Acres
Other Property Details
- Taxes
- $59,538
- Tax Frequency
- Annually
Courtesy of GLD Commercial Real Estate Advisors, ,
Listing Contact: 319-721-1520
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