3214 1st Ave NE IA 52402
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3214 1st Ave NE IA 52402
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.
MLS#
202505534
Price
$2,577,950
Status
NewListing
Property Type
Commercial Sale
Property Subtype
Retail
Property Features
Lot Size:
0.62 Acres
Taxes
$18,354
Property Descriptions
Parcel#
14113-31031-00000
Utilities
Electricity Available, Natural Gas Available, Sewer Available, City Water
Lot Dimensions:
0.62 Acres
Total Building Square Footage:
2,437 /SF
Listed By / Shown By
Agency Name:
GLD Commercial Real Estate Advisors
Agent Name:
Adam Gibbs
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