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Listing ID: 202304179
Price: $2,250,000
Status: Active
Address: 1140 Blairs Ferry Rd NE
City: Cedar Rapids
State: Iowa
Postal Code: 52402
SqFt: 7,801
Acres: 1.120
County: Linn
Cedar Rapids
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 El Bajio Mexican Restaurant; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.47% CAP rate. Current NOI: $168,040; 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.

Basic Features

Listing Price: $2,250,000
Address: 1140 Blairs Ferry Rd NE
City: Cedar Rapids
State: Iowa
Postal Code: 52402
County: Linn
Zoning: Sub Mixed Use Comm Ctr
Area: Out Of Area
Year Built: 1993
Location: Inside Lot
Business: Food Services, Retail Store
Square Feet: 5, 000-10, 000 SqFt
Acres: 1.120
Lot Size: 1-2 Acres
Sale/Lease: For Sale
Rent/Lease: neither
Type of Lease: NNN
Rent/Lease Price: $2,250,000
Days on Market: 25
Status: Active
Documents: Aerial Photo, Floor Plan Avail, Other Documents Available
Possession: At Closing
Possible Financing: Cash, Other

Additional Features

CI Features: Other
Construction Company: Block
Utilities Available: Cable TV, Electricity, Natural Gas, Sewer, Telephone, Water-City
Cooling: Central A/C
Heating: Gas, Central
Floor Type: Concrete Slab/Grade
Gross Tax (County & City): 35032
Property Sub Type: Retail
Roof Type: Other
Special Features: None
Tax ID: 14032-26008-00000
Tax Year Report: 2021
Variable Rate: no
Road Frontage: County/City Road, Pavement

Zoning Info

© 2023 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 202304179

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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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