4545 1st SE Ave, Cedar Rapids, IA 52402-3208
- Strip malls
- 6,874 SF
- 1.11 lot acres
Current Use by Public Records
- Karthik Cherukuri / Dental Office
- Aspen Dental - Cedar Rapids, IA (Lindale) / Dental Office
- George Youssef / Dental Office
- Shachindra Bahadur / Dental Office
- FedEx Office Print & Ship Center / Courier Service / Postal Service
Property Details for 4545 1st SE Ave
- Year built
- 2018
- Lot size
- 1.11 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 14-02-4-51-001-0-0000
- APU
- 140245100100000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 11, 2017 | $1,000,000 | Edgewood Partners LLC | Bl Lone Star LLC | Warranty Deed | $3.6M · University Of Ia Cmnty Cu |
| Jan 14, 2016 | $1,900,000 | Bl Lone Star LLC | Rcg Cr Lonestar LLC | Grant Deed | — |
| Jun 1, 2012 | $1,175,000 | Rcg-cr Lone Star LLC | Sovereign Ls III LLC | Grant Deed · related | — |
| Jan 18, 2008 | $1,989,000 | Sovereign Ls III LLC | Lone Star Steakhouse & Saloon/ | Grant Deed | $15.3M · Key Bank & Trust |
| — | — | Rcg-chicago LLC | — | Deed Of Trust · related | $13.5M · Privatebank & Tr |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,160,000
- 6.5%
- $1,070,000
- 7%
- $995,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $879,000
- AI Estimate
- $1,166,000
Market price range: $351k - $879kMarket price range: $186k - $1.17M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,085,000
- AUTO REPAIR, GARAGE
- $735,000
- MEDICAL BUILDING
- $685,000
- OFFICE BUILDING
- $630,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6241
- Latitude
- 42.0237
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
