4545 1St AveCedar Rapids, IA 52402

For Sale
$4,085,000

High-yield NNN retail investment. Strong national tenants.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 6,874 square foot, single-story retail building situated on a 1.1-acre lot at 4545 1st Avenue SE in Cedar Rapids, Iowa, zip code 52402. The property boasts 100% occupancy with two national credit tenants: FedEx Office and Aspen Dental. Built in 2018, this property benefits from a Net Lease (NNN) structure, minimizing landlord responsibilities. The building is zoned SMRC and is ideally located in Cedar Rapids' thriving retail and commercial district, near a high-traffic intersection in Linn County. FedEx Office, a significant national brand with over 2200 locations, and Aspen Dental, the largest and fastest-growing branded dental practice network in the US with nearly 900 locations across 42 states, provide exceptional tenant stability and strong cash flow. The property's strategic location, coupled with the strength of its tenants, makes this a compelling investment opportunity. The asking price is $4,085,000. Detailed lease terms are available upon request.

Highlights

  • Net-leased retail investment opportunity.
  • Strong tenant roster featuring FedEx Office and Aspen Dental.

Property Details for 4545 1St Ave

Property type
Other retail properties, Retail properties
Square Feet
6,874 SF
Year Built
2018
Buildings
1
Stories
1
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Cedar Rapids
County
Linn
State
Iowa
Latitude
42.02386462
Longitude
-91.62407026
4545 1St Ave, Cedar Rapids, Iowa

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4545 1St Ave
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