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4545 1St Ave SE Cedar Rapids, IA 52402

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For Sale
$4,085,000

Net leased retail investment with national credit tenants.

Lot size:
6,600.00 Acres

Property Features for 4545 1St Ave SE

General Information

Lot size
6,600.00 Acres

Source: GLD Commercial Agent Adam Gibbs

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Investment Opportunity in Cedar Rapids

This net-leased retail investment opportunity is located on 1st Avenue/Hwy 151 in Cedar Rapids' retail/commercial district, near the busiest corner in Linn County. The property is situated across from Lindale Mall, on an outparcel of Home Depot and Marketplace on 1st, offering maximum exposure. The property is leased to two national credit tenants: FedEx Office and Aspen Dental. FedEx Office has over 2200 locations nationwide and a market capitalization of over $50 Billion. Aspen Dental, a branded network of dental practices in the US, has nearly 900 locations in 42 states. Aspen Dental targets new locations in super-regional retail areas and forecasted over 800 branded practices servicing 5 million patient appointments in 2020. There is considerable term remaining on both leases. Ownership contains licensed real estate professionals in the State of Iowa.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Karthik Cherukuri Dentist Aspen Dental - Cedar ... Dentist George Youssef Dentist Shachindra Bahadur Dentist FedEx Office Print ... Shipping And Mailing Service

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.624058
Latitude
42.0236333

FAQs

What type of property is this?
Retail space - Net leased retail investment with national credit tenants.
Where is this retail space located?
The property is located at 4545 1St Ave SE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $4,085,000.
What are key features of this property?
This property features: - Prime location on 1st Avenue/Hwy 151 near Lindale Mall and Home Depot; - Net leased investment opportunity with **FedEx Office and Aspen Dental**; - FedEx Office: a strong investment-grade tenant
More about this property
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