For Sale
$720,000
2016 College StCedar Falls, IA 50613
- Added:
- Dec 11, 2024
- Days on market:
- 124
Highlights
- Long-term, Net Lease retail tenant: Nationally recognized Jimmy John's occupies the ground floor with over 10 years remaining on their lease, recently extending it for another 15 years.
- Triple Net (NNN) Lease: Retail tenant is on a NNN lease, passing through most operating expenses to the tenant.
- Prime University Location: Adjacent to Northern Iowa University (UNI), with over 9,000 students, and near local schools, creating high demand for both retail and residential units.
- Dense Residential Area: Located in a high-density residential area with low vacancy rates (approx. 3%), ensuring consistent rental income from the multi-family units.
Property Details for 2016 College St
- Property type
- Retail properties
- Square Feet
- 1,408 SF
- Class
- B
- Year Built/Renovated
- 1914/2013
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 1,742 SF
Location Insight
- City
- Cedar Falls
- County
- Black Hawk
- State
- Iowa
- Latitude
- 42.5191992
- Longitude
- -92.4555119
2016 College St, Cedar Falls, Iowa
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FAQs
- Where is the retail property located?
- The property is located at 2016 College St Cedar Falls, IA.
- What is the asking price?
- The asking price for this property is $720,000.
- What are key features of this property?
- This property features: Long-term, Net Lease retail tenant: Nationally recognized Jimmy John's occupies the ground floor with over 10 years remaining on their lease, recently extending it for another 15 years.; Triple Net (NNN) Lease: Retail tenant is on a NNN lease, passing through most operating expenses to the tenant.; Prime University Location: Adjacent to Northern Iowa University (UNI), with over 9,000 students, and near local schools, creating high demand for both retail and residential units.
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