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4545 1st Avenue SE, Cedar Rapids, IA 52402

Price: $4,493,500.00

Property

Subtype: Commercial

Area: SE Quadrant

Lot Size: 1

Acres: 1.1000

Year Built: 2018

Zoning: SMRC

Gross Tax: 44,286

Traffic Count: 20001-30000

County: Linn

Utilities

Electric, Gas

Heating: Central Air,Central Heat

Cooling: Central Air,Central Heat

Building

Total Building Sq Ft: 6,874

Floor Type: Carpet


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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.

Listing Agent: Adam Gibbs Office: GLD COMMERCIAL Data courtesy of Cedar Rapids Area Association of Realtors MLS