1140 BLAIRS FERRY RD NE
CEDARRAPIDS, IA 52402
$2,362,335
N/A Beds
0 Baths
N/A Sq Ft
Status Active
MLS# 202304179
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
Details for 1140 BLAIRS FERRY RD NE
Built in 1993
CentralAir
NaturalGas, Central
297 Days on website
1.12 acres lot