For Sale $2,362,335
Property Type Retail - Street Retail
Property Size 7,801 SF
Lot Size 1.12 Acre
Property Tenancy Multi-Tenant
Year Built 1993
Date Updated Feb 2, 2024

Excellent location on Blairs Ferry Rd NE between Council Street and Rockwell Dr NE.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 FACADE 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.Newly remodeled multi-tenant retail property. Perfect for retail, restaurant, coffee shop, or service tenants looking for a highly visible location along Blairs Ferry Rd NE. Approximately 23,000 vehicles per day at this location. Unit 1 includes an outdoor patio for additional seating and Unit 4 includes a drive-thru.

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Attachments

Sale Brochure (L) (PDF) opens in new window

Highlights

Fully leased multi-tenant retail investment opportunity
Located on highly travelled Blairs Ferry Rd NE
128 parking spaces
7.25% CAP rate

Contacts

Adam Gibbs, SIOR

GLD Commercial

(319) 731-3415

Location

Getting Around

Walk Score ®
49/100 Car-Dependent
Transit Score ®
21/100 Minimal Transit
Bike Score ®
40/100 Somewhat Bikeable

Map
Street

City Cedar Rapids, IA
Neighborhood Cedar Rapids
Zip Code 52402

Points of Interest

Casey's General Store

0.22 miles
KwikShop

0.74 miles
ChargePoint

0.75 miles
Casey's General Store

1.00 miles
Kwik Trip

1.18 miles
Casey's General Store

1.21 miles
Hawkeye Convenience Store

1.26 miles
Fas Fuel

1.26 miles
Kum & Go

1.50 miles
ChargePoint

1.61 miles

27th Street Lot

2.15 miles
Prairie Drive Lot

2.22 miles
Upper Andreas Lot

2.35 miles
Lower Andreas Lot

2.35 miles
Immaculate Conception Catholic Church Parking

3.77 miles
Five Seasons Parking Ramp

3.85 miles
3rd Avenue Ramp

4.05 miles
CRST Parking Garage

4.16 miles
Cedar Valley Nature Trail Parking

4.20 miles
St Wenceslaus Catholic Church Parking

4.43 miles

Buffalo Wild Wings

0.04 miles
Domino's

0.06 miles
Jimmy John's

0.06 miles
Moe's Southwest Grill

0.07 miles
Burger King

0.07 miles
McDonald's

0.12 miles
Buff City Soup

0.16 miles
30Hop

0.26 miles
Oyama Sushi Japanese Steak House

0.29 miles
Subway

0.31 miles

Target

0.17 miles
Natural Grocers

0.29 miles
Theisen's Home Farm Auto

0.62 miles
Ken's Magic Shop

0.71 miles
Asian General Store

0.91 miles
Our Himalayan Store

1.12 miles
Kohl's

1.13 miles
TJ Maxx

1.25 miles
ALDI

1.40 miles
Cassil Motors

1.46 miles

Frequently Asked Questions

What is the lease rate for 1140 Blairs Ferry Rd NE?

Rental asking rate at 1140 Blairs Ferry Rd NE is $1,181,167.50/YR.

What is the total square footage of 1140 Blairs Ferry Rd NE?

1140 Blairs Ferry Rd NE totals 7,801 square feet.

When was this property built?

1140 Blairs Ferry Rd NE was built in 1993.

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