419 Main StCedar Falls, IA 50613

Property Details for 419 Main St

Year built

1991

Lot size

0.13 AC

Property size (Sq ft)

5,514 SF

Property type

Retail properties

Property subtype

Retail space

APN

8914-12-329-017

APU

891412329017

Description

This exceptional investment opportunity presents a fully leased, single-tenant restaurant building located at 419 Main St, Cedar Falls, IA 50613. The property, built in 1991 and renovated in 2009, boasts 10,993 square feet situated on a 0.12-acre lot. Currently operating at 100% occupancy under a triple-net (NNN) lease with three years remaining, this Class B property offers a stable income stream. The asking price is $1,350,000, translating to $122.81 per square foot. The property is zoned C3 and features a full kitchen with a hood system, allowing for diverse culinary operations. Conveniently located in downtown Cedar Falls, the restaurant benefits from an adjacent public parking lot and the option for sidewalk seating, enhancing its appeal and accessibility. The building's strong net operating income (NOI) of $79,000 makes it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a well-established, high-performing restaurant property in a thriving Iowa community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,334,268

  6.5%

  $1,231,632

  7%

  $1,143,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $709,215

  Geo Method

  $709,215

• Alternative Use

  Use

  Valuation

  Residential

  $1,038,928

  Hospitality

  $951,652

  Educational

  $791,763

  Medical

  $818,993

  Retail

  $1,231,632

Location Insight

City

Cedar Falls

County

Black Hawk

State

Iowa

Latitude

42.5344

Longitude

-92.4459

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.