NNN Convenience Store
For Sale
Contact for pricing
1420 West 1st Street, Cedar Falls, IA 51103
Established convenience retail asset with C-1 zoning and a long-term absolute NNN lease structure.
Property Size2,400 SF
Price / SF$520.83
Days on Market109
Property Features for 1420 West 1st Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Zoning
C-1 (Neighborhood Commercial)
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$100,000
Building Details
Year Built
1978
Tenancy
Single
Listing Agency:
Marcus & Millichap - Minneapolis
Listed By:
Jon Ruzicka · License #B63379000
Source:
Crexi
Added: May 15
Changed: Aug 30
Last Checked: Aug 30 at 5:35PM
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 Marcus & Millichap - Minneapolis
Investment Insights
Based on property information with market context.
This 2,400-square-foot convenience store and mini-mart was built in 1978 and operates from a commercial site at 1420 West 1st Street. The property is zoned C-1 (Neighborhood Commercial) and serves daily-needs retail demand from its established operating format.
The site fronts Iowa Highway 57 and records approximately 14,700 vehicles per day. It is located near Hudson Road and the University of Northern Iowa campus, placing the business within a corridor serving commuters, students, local residents, and regional travelers. Cedar Falls has more than 41,400 residents, while the university enrolls more than 9,200 students.
A new 20-year absolute NNN lease begins at the close of escrow, with no landlord responsibilities stated under the lease structure. The agreement includes 10.00% rent increases every five years and four five-year renewal options. Iowa Investment, LLC operates the business, with a franchisee guarantor supporting the lease.
The site fronts Iowa Highway 57 and records approximately 14,700 vehicles per day. It is located near Hudson Road and the University of Northern Iowa campus, placing the business within a corridor serving commuters, students, local residents, and regional travelers. Cedar Falls has more than 41,400 residents, while the university enrolls more than 9,200 students.
A new 20-year absolute NNN lease begins at the close of escrow, with no landlord responsibilities stated under the lease structure. The agreement includes 10.00% rent increases every five years and four five-year renewal options. Iowa Investment, LLC operates the business, with a franchisee guarantor supporting the lease.
Key Highlights
- 2,400‑square‑foot convenience store and mini‑mart built in 1978
- C‑1 (Neighborhood Commercial) zoning
- Approximately 14,700 vehicles per day along Iowa Highway 57
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 39%
Beauty & Spa 2%
Cedar Falls #6
Shops & Services
11,788 visits/mo
0.1 miles
SUBWAY
Dining
3,513 visits/mo
0.1 miles
Pita Pit
Dining
3,155 visits/mo
0.2 miles
Papa John's Pizza
Dining
1,256 visits/mo
0.1 miles
Cost Cutters
Beauty & Spa
435 visits/mo
0.2 miles
Demographics for 51103, IA
16,827
Population
6,867
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
12.1 sq mi
ZIP Area
1,391
Density / Sq Mi
$57,212
Median Household Income
$35,136
Median Earnings
$887
Median Rent
$124,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Established convenience retail asset with C-1 zoning and a long-term absolute NNN lease structure.
Where is this nnn property located?
The property is located at 1420 West 1st Street Cedar Falls, IA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,400‑square‑foot convenience store and mini‑mart built in 1978; C‑1 (Neighborhood Commercial) zoning; Approximately 14,700 vehicles per day along Iowa Highway 57
