1140 Blairs Ferry Rd Ne
Cedar Rapids, IA 52402

$2,362,335

  • 7,801
    Square Feet

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 faade 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...read more in the state of Iowa.

Property Highlights

  • Cooling

    Central A/C

  • Flooring

    Concrete Slab/Grade

  • Heating

    Gas, Central

  • Taxes

    $59,538 Taxes

  • Year Built

    Built in 1993

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