502 Brandilynn Blvd Cedar Falls, IA 50613-7451

Property Details for 502 Brandilynn Blvd

Year built

2015

Construction

WOOD

Lot size

1.02 lot acres

Property size

8,368 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

8914-25-451-017

APU

891425451017

Description

This exceptional 8,368-square-foot retail storefront at 502 Brandilynn Blvd, Cedar Falls, IA 50613, presents a compelling investment opportunity. Boasting a strong 7.05% cap rate and a substantial net operating income (NOI) exceeding $180,000, this multi-tenant property offers significant financial returns. The building, constructed in 2015, sits on a 1.02-acre lot (APN 891425451017) and features a prominent location on Brandilynn Boulevard, providing excellent visibility and accessibility. Anchored by a national tenant, IHOP, and complemented by two additional tenants, this property benefits from a diverse and stable tenant mix. The leases offer flexibility, ensuring long-term income potential. This high-profile location enjoys proximity to major retailers such as Walmart, Hobby Lobby, Menards, and Unity Point Clinic, guaranteeing high foot traffic and strong consumer demand. The asking price is $2,650,000, translating to a price per square foot of $316.68. This well-maintained property is positioned for continued success and represents a rare opportunity to acquire a high-performing retail asset in a thriving Cedar Falls market. The property is a triple-net (NNN) lease.

Location Insight

City

Cedar Falls

County

Black Hawk

State

Iowa

Longitude

-92.4409

Latitude

42.4845

CBSA code

47940

CBSA name

WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments