502 Brandilynn Blvd Cedar Falls, IA 50613-7451

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.