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Property profile

4840 1St Ave Cedar Rapids, IA 52402

OFF-MARKET
Power centers
43,581 SF Built 2000
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 4840 1st Ave NE in Cedar Rapids, Iowa, within the highly visible Lindale Crossing power center. Built in 2000, this property boasts a total of 43,581 square feet, with 27,306 square feet currently available for lease. Spaces are divisible to a minimum of 2,250 square feet and can accommodate contiguous spaces up to 25,056 square feet, offering flexibility for various retail concepts. The center enjoys a strategic location at a high-traffic intersection in Cedar Rapids, experiencing 23,100 cars daily on First Avenue and 19,100 cars daily on Collins Road, ensuring significant visibility and customer exposure. Benefit from prominent signage along First Avenue. Lindale Crossing is anchored by established national tenants including Bed Bath & Beyond and PetSmart, and is complemented by a diverse mix of successful businesses such as Starbucks, Bruegger's Bagels, Orange Leaf Frozen Yogurt, H&R Block, Orangetheory Fitness, and Siebke-Hoyt Jewelers. The landlord is offering tenant improvement allowances for qualified tenants. This property presents a unique opportunity to establish or expand your retail presence in a thriving Cedar Rapids location. The property is located in Linn County, Iowa, zip code 52402.

Property profile

Verified
Property type Power centers
Year built 2000
Total area 43,581 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement
  • Hardware & Home Improvement Home Decor Store

Location

4840 1St Ave Cedar Rapids, IA 52402
Cedar Rapids metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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