8950 Earhart SW Ln Cedar Rapids, IA 52404-8968
Property profile & analytics
8950 Earhart SW Ln, Cedar Rapids, IA 52404-8968
- Grocery and convenience stores
- 7,683 SF
- 6.30 lot acres
Property ID
US25-2266360
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Arby's / Restaurant / Take-out & Catering
- Dunkin' / Cafe & Coffee Shop
- Pilot Travel Center / Parking Lot & Garage / Gas Station
- CAT Scale / Parking Lot & Garage / Gas Station
- Western Union / Bank / Credit Union
Property Details for 8950 Earhart SW Ln
- Year built
- 2018
- Lot size
- 6.30 lot acres
- Property type
- Grocery and convenience stores
- APN
- 19-21-3-76-002-0-0000
- APU
- 192137600200000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,683 square foot Pilot Travel Center, strategically located at 8950 Earhart Ln SW in Cedar Rapids, Iowa. The property sits on a substantial 6.3-acre lot, boasting excellent visibility to over 51,400 vehicles daily due to its proximity to Interstate 380. Built in 2018, this single-story building features a convenience store with an Arby's and Dunkin' Donuts Express, six diesel fuel lanes, ten gas fueling stations, and two showers. The property is currently operating at 100% occupancy under a 20-year absolute NNN lease with Pilot Travel Centers LLC, commencing April 13, 2022, and expiring April 12, 2042. The lease includes four 5-year options and features a 10% rent increase every five years, ensuring consistent and growing income. The current NOI is $825,000, resulting in a 5.00% cap rate and a price per square foot of $2,147.60. This investment offers significant long-term value, backed by a corporate guaranteed lease from Pilot Flying J, a subsidiary of Berkshire Hathaway, and benefits from the strong economic activity in Cedar Rapids, including the presence of Fortune 500 companies. The property's location near downtown Cedar Rapids and major transportation routes provides exceptional access and high traffic volume. This is a rare opportunity to acquire a high-performing, net-leased asset with substantial upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $12,065,000
- ML approach
- $7,935,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Longitude
- -91.6677
- Latitude
- 41.8915
- CBSA code
- 16300
- CBSA name
- CEDAR RAPIDS, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$157,052
$715,000
$4,265,100
$4,980,100
-
$715,000
$4,265,100
$4,980,100
