1140 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
RETAIL For SaleYear Built: 1993
Floors: 1
| Space | Size | Type | Pricing |
|---|---|---|---|
| Retail Property Investment Sale | SALE | $2,362,335.00 |
Adam Gibbs - GLD Commercial
PHONE: 3197313415
LOCATION OVERVIEW Excellent location on Blairs Ferry Rd NE between Council Street and Rockwell Dr near Target. PROPERTY OVERVIEW 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. 7.5% CAP rate. Current NOI: $175,972; 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 HIGHLIGHTS • Fully leased multi-tenant retail investment opportunity • Located on highly travelled Blairs Ferry Rd NE • 128 parking spaces • 7.5% CAP rate