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1140 Blairs Ferry Rd NE Cedar Rapids, IA 52402

For Sale
1140 Blairs Ferry Rd NE
Cedar Rapids, IA 52402
Price: $2,362,335
Type: Retail
Sqft: 7801
Agent: Adam Gibbs
Agent Phone: 319-721-1520
Agent Email: agibbs@gldcommercial.com
Broker: GLD Commercial Real Estate Advisors
Broker Phone: 319-731-3410
Broker Email: agibb@gldcommercial.com

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.