1140 Blairs Ferry RdCedar Rapids, IA 52402

Property Details for 1140 Blairs Ferry Rd

Year built

1993

Lot size

1.12 AC

Property size (Sq ft)

7,782 SF

Property type

Retail properties

Property subtype

Strip malls

APN

14-03-2-26-008-0-0000

APU

140322600800000

Description

Exceptional investment opportunity in Cedar Rapids, IA. This fully leased, multi-tenant retail property at 1140 Blairs Ferry Rd NE boasts 7,801 square feet on a 1.12-acre lot, featuring 128 parking spaces. The property, built in 1993 and extensively renovated in 2021, enjoys a prime location on a high-traffic road (nearly 23,000 vehicles daily), near Super Target. Three tenants—Dunn Brothers Coffee, The Good Feet Store, and Mextizo—occupy the space under NNN leases with personal guarantees from the principals. The property offers a 7.25% cap rate and a current NOI of $171,272, subject to annual increases. The permitted zoning is Suburban Mixed Use Community Center. The asking price is $2,362,335 ($302.82/sq ft). This is a 100% occupied, net lease investment with strong tenant occupancy and a proven track record. The property features a new roof, façade, and HVAC system. APN: 14032-26008-00000.

Location Insight

City

Cedar Rapids

County

Linn

State

Iowa

Latitude

42.0357

Longitude

-91.6538

CBSA code

16300

CBSA name

CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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