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Listing ID: 202201331
Price: $4,493,500
Status: Active
Address: 4545 1st Ave SE
City: Cedar Rapids
State: Iowa
Postal Code: 52402
SqFt: 6,874
Acres: 1.100
County: Linn
Cedar Rapids
IA
52402
Net leased investment opportunity ideally located on 1st Avenue/Hwy 151 in the heart of Cedar Rapids' retail/commercial district near the busiest corner in Linn County. National credit tenants include 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. Contact LA for lease terms. Ownership contains licensed real estate professionals in the State of Iowa.

Basic Features

Listing Price: $4,493,500
Address: 4545 1st Ave SE
City: Cedar Rapids
State: Iowa
Postal Code: 52402
County: Linn
Zoning: Sub MixedUse Regional Ctr
Area: Out Of Area
Year Built: 2018
Location: Freestanding, Shopping Center
Business: Medical Dental, Retail Store
Square Feet: 5, 000-10, 000 SqFt
Acres: 1.100
Lot Size: 1-2 Acres
Sale/Lease: For Sale
Rent/Lease: neither
Rent/Lease Price: $4,493,500
Days on Market: 27
Status: Active
Documents: Aerial Photo, Floor Plan Avail, Lease Avail
Possession: At Closing
Possible Financing: Cash, Conventional

Additional Features

CI Features: Display Window, Other
Construction Company: Frame
Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Cooling: Central A/C
Heating: Gas, Central
Floor Type: Carpet, Concrete Slab/Grade
Gross Tax (County & City): 44286
Property Sub Type: Retail
Roof Type: Other
Special Features: None
Tax ID: 14024-51001-00000
Tax Year Report: 2020
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info


© 2022 Iowa City Area MLS (ICAARMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Adam Gibbs of GLD Commercial Real Estate Advisors

Contact - Listing ID 202201331

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Jeff Edberg

2346 Mormon Trek Blvd, Ste #2000
Iowa City, IA 52246
Phone: 319-331-6187
Phone Alt: 319-331-6187

Data services provided by IDX Broker

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