3214 1st Ave NE

3214 1st Ave NE, Cedar Rapids, IA 52402

  • For Sale $2,577,950
  • Property Type Retail - Restaurant
  • Property Size 2,437 SF
  • Lot Size 0.62 Acre
  • Building Class A
  • Year Built 2024
  • Date Updated Sep 9, 2025
Corner lot with prime frontage along 1st Avenue NE, Cedar Rapids' main retail corridor.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.
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Highlights

  • $150,810 current annual net rent
  • 10% rental rate increase at the end of Year 5
  • 9 years lease term remaining

Contacts

broker
Adam Gibbs, SIOR

GLD Commercial

Location

Getting Around

  • Walk Score ®

    74/100 Very Walkable

  • Transit Score ®

    24/100 Minimal Transit

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Cedar Rapids, IA
  • Zip Code 52402

Points of Interest

  • Kum & Go

    0.06 miles

  • Casey's General Store

    0.21 miles

  • Shell

    0.29 miles

  • ChargePoint

    0.65 miles

  • Sinclair

    1.13 miles

  • Hy-Vee Gas

    1.14 miles

  • Kwik Shop

    1.40 miles

  • Sierra Convenience

    1.45 miles

  • Tesla Destination Charger

    1.50 miles

  • Sinclair - Hawkeye

    1.62 miles

  • Prairie Drive Lot

    0.92 miles

  • 27th Street Lot

    0.99 miles

  • Upper Andreas Lot

    1.09 miles

  • Lower Andreas Lot

    1.11 miles

  • Immaculate Conception Catholic Church Parking

    2.32 miles

  • Five Seasons Parking Ramp

    2.58 miles

  • Lot 10

    2.68 miles

  • 3rd Avenue Ramp

    2.70 miles

  • Lot 9

    2.70 miles

  • Lot 12

    2.75 miles

  • Break Room

    0.08 miles

  • Starlite Room

    0.08 miles

  • Dairy Queen

    0.09 miles

  • Chef Wong

    0.10 miles

  • Milio's Sandwiches

    0.29 miles

  • Vino's Ristorante & R.G. Books Lounge

    0.35 miles

  • Siamville

    0.36 miles

  • Godfather's Pizza

    0.39 miles

  • Bandana's Bar-B-Q

    0.44 miles

  • The Taco Depot

    0.52 miles

  • Town and Country Shopping Center

    0.38 miles

  • Fareway

    0.46 miles

  • Kohl's

    1.12 miles

  • Cassil Motors

    1.12 miles

  • TJ Maxx

    1.13 miles

  • Von Maur

    1.16 miles

  • Lindale Mall

    1.20 miles

  • Hy-Vee

    1.24 miles

  • ALDI

    1.40 miles

  • Twixt Town Shopping Center

    1.45 miles

Frequently Asked Questions

How much does 3214 1st Ave NE cost?

The space currently listed for sale at 3214 1st Ave NE asks for $2,577,950.

What is the total square footage of 3214 1st Ave NE?

3214 1st Ave NE totals 2,437 square feet.

When was this property built?

3214 1st Ave NE was built in 2024.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Adam Gibbs, SIOR

GLD Commercial

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