3005 Wiley BlvdCedar Rapids, IA 52404

This exceptional 37,547-square-foot shopping center in Cedar Rapids, IA, presents a compelling investment opportunity. Boasting 100% occupancy and a strong NOI of $447,859, this stabilized asset features twelve tenants, including a Dollar Tree anchor and a significant percentage of national credit tenants (56% of GLA leased to publicly traded companies). All leases are triple-net (NNN), minimizing landlord responsibilities. Built in 2001, the property sits on a sizable 4.24-acre lot with ample paved parking, recently upgraded with over $48,000 in repairs and restriping in 2022. Its prime location at the signalized intersection of Wiley Boulevard and 31st Avenue benefits from high daily traffic counts exceeding 22,370 vehicles. Strategically shadow-anchored by a high-performing Walmart Supercenter, the center enjoys exceptional visibility and proximity to numerous other national retailers. The surrounding area demonstrates strong demographics, with an average household income of $69,963 within one mile and a population of 89,348 residents within a five-mile radius. The asking price is $5,662,500, representing a compelling $150.81 per square foot and a 7.91% cap rate. This property offers a rare combination of strong tenancy, excellent location, and significant upside potential.