1140 Blairs Ferry Road NE, Cedar Rapids, IA 52402
MLS Number: 2305139 |
Subtype: Commercial | Area: NE Quadrant
$
2,362,335
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.
Property
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County: Linn
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Lot Size: 1.12 Ac
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Acres: 1.1200
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Year Built: 1993
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Zoning: SMC
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Gross tax: $39,864.00
Building
Total Building SF: 7,801
Ceiling Height: 7ft-10ft, 11ft-14ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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