419 Main St Cedar Falls, IA 50613-2827
- Retail space
- 5,514 SF
- 0.13 lot acres
Current Use by Public Records
- Sarah's Espresso Cafe / Dessert Shop / Espresso Bar
- Bigfoot Betty's / Restaurant
Property Details for 419 Main St
- Year built
- 1991
- Lot size
- 0.13 lot acres
- Property size
- 5,514 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Falls
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.4459
- Latitude
- 42.5344
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
