Two-Property NNN Retail
For Sale
Contact for pricing
Pending
157 Collins Rd NE, Cedar Rapids, IA 52402
Two single-tenant properties feature NNN ground leases and scheduled rental increases during option periods.
Property SizeContact for details
Days on Market143
Property Features for 157 Collins Rd NE
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Anchor Co-Tenants
Red Lobster, Olive Garden, Perkins Bakery, Panda Express, Kohl's, Dicks Sporting Goods, Best Buy, JOANN
Traffic Count
34,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Forged Real Estate
(610) 608-2621
Listed By:
Marc Mandel · License #NJ
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 1:19AM
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 Forged Real Estate
Investment Insights
Based on property information with market context.
The offering includes the fee simple interest in two single-tenant properties occupied by Jared and Five Guys. Each asset is subject to a triple-net ground lease, with 10% rental increases every five years during the option periods. The structure provides separate leased properties within one acquisition.
The properties are part of Lindale Mall along Iowa Highway 100 and Collins Road NE in Cedar Rapids. The retail corridor records 34,000 VPD and provides access from signalized intersections at Twixt Town Road and Lindale Dr NE. Nearby retailers include Kohl’s, Dick’s Sporting Goods, Best Buy, JOANN, Red Lobster, Olive Garden, Perkins Bakery, and Panda Express.
Located at 157 Collins Rd NE, the property is within five miles of more than 137,100 people and 57,900 households. Since 2010, those figures have increased 9.81% and 11.90%, respectively, with further growth projected through 2027.
The properties are part of Lindale Mall along Iowa Highway 100 and Collins Road NE in Cedar Rapids. The retail corridor records 34,000 VPD and provides access from signalized intersections at Twixt Town Road and Lindale Dr NE. Nearby retailers include Kohl’s, Dick’s Sporting Goods, Best Buy, JOANN, Red Lobster, Olive Garden, Perkins Bakery, and Panda Express.
Located at 157 Collins Rd NE, the property is within five miles of more than 137,100 people and 57,900 households. Since 2010, those figures have increased 9.81% and 11.90%, respectively, with further growth projected through 2027.
Key Highlights
- Fee simple interest in two single‑tenant properties leased to Jared and Five Guys
- Triple‑net ground leases with 10% rental increases every five years in option periods
- Lindale Mall setting along Iowa Highway 100 and Collins Road NE
Property Analytics
Property Profile
Current Use
Lease Details
34,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,286
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
NNN property - Two single-tenant properties feature NNN ground leases and scheduled rental increases during option periods.
Where is this nnn property located?
The property is located at 157 Collins Rd NE Cedar Rapids, IA.
What are key features of this property?
This property features: Fee simple interest in two single‑tenant properties leased to Jared and Five Guys; Triple‑net ground leases with 10% rental increases every five years in option periods; Lindale Mall setting along Iowa Highway 100 and Collins Road NE
