Remodeled Multi-Tenant Shopping
For Lease
$2,362,335
1140 Blairs Ferry Road Ne, Cedar Rapids, IA 52402
Fully leased retail center with three named tenants and updated building systems.
Space SizeContact for details
Days on Market50
Property Features for 1140 Blairs Ferry Road Ne
General Information
Standard status
Active
Total Parking Spaces
128
Property subtype
Commercial
Zoning
SMC
Occupancy
100%
Building Details
Year Built
1993
Year Renovated
2022
Stories
1
Tenancy
Multi
Listing Agency:
GLD COMMERCIAL
(319) 731-3415
Listed By:
Adam Gibbs · License #B43857000
Source:
Q4realestate
Added: Jul 11
Changed: Aug 28
Last Checked: Aug 29 at 5:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLD COMMERCIAL
Investment Insights
Based on property information with market context.
This multi-tenant shopping center at 1140 Blairs Ferry Road NE in Cedar Rapids was built in 1993 and substantially updated during 2021 and 2022. Improvements included a replacement roof, refreshed façade, and new HVAC systems. The property is fully leased to Dunn Brothers Coffee, The Good Feet Store, and Mextizo, with lease obligations personally guaranteed by the principals of the tenant entities.
The center is positioned near Super Target along Blairs Ferry Road NE, which carries nearly 23,000 vehicles per day. On-site parking totals 128 spaces, and the property is identified as SMC zoning. The current cap rate is 7.5%, with annual rental increases provided under the leases.
The center is positioned near Super Target along Blairs Ferry Road NE, which carries nearly 23,000 vehicles per day. On-site parking totals 128 spaces, and the property is identified as SMC zoning. The current cap rate is 7.5%, with annual rental increases provided under the leases.
Key Highlights
- Fully leased to Dunn Brothers Coffee, The Good Feet Store, and Mextizo
- 2021/2022 renovations included a new roof, façade improvements, and new HVAC
- 128 parking spaces included
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with three named tenants and updated building systems.
Where is this shopping center located?
The property is located at 1140 Blairs Ferry Road Ne Cedar Rapids, IA.
What is the lease rate?
The lease rate is $2,362,335.
What are key features of this property?
This property features: Fully leased to Dunn Brothers Coffee, The Good Feet Store, and Mextizo; 2021/2022 renovations included a new roof, façade improvements, and new HVAC; 128 parking spaces included
