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    4545 1St Ave Cedar Rapids, IA 52402

    Sponsored
    For Sale
    $4,085,000

    High-yield NNN retail investment. Strong national tenants.

    Property size:
    6,874 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 6,874 square foot, single-story retail building situated on a 1.1-acre lot at 4545 1st Avenue SE in Cedar Rapids, Iowa, zip code 52402. The property boasts 100% occupancy with two national credit tenants: FedEx Office and Aspen Dental. Built in 2018, this property benefits from a Net Lease (NNN) structure, minimizing landlord responsibilities. The building is zoned SMRC and is ideally located in Cedar Rapids' thriving retail and commercial district, near a high-traffic intersection in Linn County. FedEx Office, a significant national brand with over 2200 locations, and Aspen Dental, the largest and fastest-growing branded dental practice network in the US with nearly 900 locations across 42 states, provide exceptional tenant stability and strong cash flow. The property's strategic location, coupled with the strength of its tenants, makes this a compelling investment opportunity. The asking price is $4,085,000. Detailed lease terms are available upon request.

    Property Features for 4545 1St Ave

    General Information

    Property type
    Retail properties
    Square Feet
    6,874 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    HighLights

    • Net‑leased retail investment opportunity.
    • Strong tenant roster featuring FedEx Office and Aspen Dental.
    Property Profile 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
    -91.62407026
    Latitude
    42.02386462

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    FAQs

    What type of property is this?
    Retail property - High-yield NNN retail investment. Strong national tenants.
    Where is this retail property located?
    The property is located at 4545 1St Ave 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: Net-leased retail investment opportunity.; Strong tenant roster featuring FedEx Office and Aspen Dental.;
    (319) 731-3415
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    4545 1St Ave Cedar Rapids, IA 52402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4545 1St Ave Cedar Rapids, IA 52402
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