1140 Blairs Ferry Rd NE Cedar Rapids IA 52402
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1140 Blairs Ferry Rd NE Cedar Rapids IA 52402
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.
MLS#
202304179
Price
$2,362,335
Status
Active
Property Type
Commercial Sale
Property Subtype
Retail
Property Features
Lot Size:
1.12 Acres
Taxes
$39,864
Property Descriptions
Parcel#
14032-26008-00000
Utilities
Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available, City Water
Lot Dimensions:
1.12 Acres
Total Building Square Footage:
7,801 /SF
Listed By / Shown By
Agency Name:
GLD Commercial Real Estate Advisors
Agent Name:
Adam Gibbs
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