Advance Auto Parts NNN
For Sale
Contact for pricing
6200 University Avenue, Cedar Falls, IA 50613
The property combines an NNN lease structure with an Advance Auto Parts identity.
Property Size6,580 SF
Price / SF$151.71
Days on Market127
Property Features for 6200 University Avenue
General Information
Standard status
Active
Size
6,580 SF
Property subtype
Retail
Net Operating Income
$63,387
Additional Details
Cap Rate
6.35%
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Conrad Sarreal · License #CA 01982875
Source:
Crexi
Added: Jun 10
Changed: Oct 5
Last Checked: Oct 12 at 5:51PM
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 Matthews
Investment Insights
Based on property information with market context.
This 6,580-square-foot property at 6200 University Avenue in Cedar Falls, Iowa, is identified with Advance Auto Parts and carries an NNN lease structure. The offering is presented as an investment property with a 6.35% cap rate.
Key Highlights
- 6,580‑square‑foot commercial property
- Advance Auto Parts identity
- NNN lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,283
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,660
$1.3M
Cap Rate 7%
$932,614
$932.6K
Cap Rate 9%
$725,367
$725.4K
Market Conditions
NOI Build-Up for 6,580 SF
Gross rent
$101.9K $15.48/SF
− Vacancy
−$8.6K −$1.31/SF
EGI
$93.3K $14.17/SF
− OpEx
−$28.0K −$4.25/SF
NOI
$65.3K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,305,660
Cap Rate 7%
$932,614
Cap Rate 9%
$725,367
Alternative Uses
Best Use
Industrial
$5.48M
$4.79M – $6.39M
NOI $383,574 @ 7.0% cap · market cap 38.43%
Second Best
Retail
$932.6K
$816.0K – $1.09M
NOI $65,283 @ 7.0% cap · market cap 6.54%
Theoretical Best
Mixed Use
$8.25M
$7.22M – $9.62M
NOI $577,395 @ 7.0% cap · market cap 57.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
407k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Groceries 16%
Apparel 14%
Shops & Services 8%
Hy-Vee
Groceries
64,318 visits/mo
0.3 miles
Kohl's
Apparel
55,060 visits/mo
0.4 miles
Texas Roadhouse
Dining
34,881 visits/mo
0.4 miles
Starbucks
Dining
20,749 visits/mo
0.2 miles
Buffalo Wild Wings
Dining
17,462 visits/mo
0.1 miles
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - The property combines an NNN lease structure with an Advance Auto Parts identity.
Where is this nnn property located?
The property is located at 6200 University Avenue Cedar Falls, IA.
What is the asking price?
The asking price for this property is $998,228.
What are key features of this property?
This property features: 6,580‑square‑foot commercial property; Advance Auto Parts identity; NNN lease structure
