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310 Collins Road NE

Cedar Rapids, IA 52402
  • $1,450,000
  • STATUS: Active
  • ON SITE: 668 Days
  • MLS #: 2006174
UPDATED: 11 min ago
$1,450,000
  • 0
    BEDS
  • 1.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $290
    $/SQFT
Neighborhood:
NE Quadrant
Type:
Commercial
Built:
1977
County:
Linn
Area:
NE Quadrant

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Description

Fully occupied, two tenant investment property at one of the best locations in Cedar Rapids on Collins Road NE between Lindale Mall and Rockwell Collins. Tenants are Nothing but Noodles and Americans for Prosperity. Both tenants recently renewed their leases early. NNN leases. Some of the highest traffic counts and demographics in Cedar Rapids. Great visibility and plenty of parking. With upcoming lease bumps NOI is approximately $98,000 per year.

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© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-06-28T12:42:41.19.
www.lepicelite.com/homes/109486517
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310 Collins Road NE Cedar Rapids, IA 52402

  • Price: $1,450,000
  • Status: Active
  • On Site: 668 Days
  • Updated: 11 min ago
  • MLS #: 2006174
0
Beds
0
Baths
0
½ Baths
1.76
Acres
5,000
SQFT
$290
$/SQFT
1977
Built
Neighborhood:
NE Quadrant
County:
Linn
Area:
NE Quadrant
Property Description
Fully occupied, two tenant investment property at one of the best locations in Cedar Rapids on Collins Road NE between Lindale Mall and Rockwell Collins. Tenants are Nothing but Noodles and Americans for Prosperity. Both tenants recently renewed their leases early. NNN leases. Some of the highest traffic counts and demographics in Cedar Rapids. Great visibility and plenty of parking. With upcoming lease bumps NOI is approximately $98,000 per year.
Exterior Features

Construction Materials Frame Exterior Features Sprinkler/Irrigation Levels One Parking Features Off Street Roof Membrane Stories Total 1

Interior Features

Basement YN Yes Cooling Central Air Cooling YN Yes Flooring CarpetConcrete Heating CentralGas Heating YN Yes Interior Features Storage

Property Features

Electric 220 Volts Lease Considered YN No Property Sub Type Investment Sewer Public Sewer Tax Annual Amount 64544 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Sub Mix

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Tiffany Earl Williams of Skogman Realty Commercial.
© 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lepic Elite Home Team | Lepic-Kroeger, Realtors. Data last updated: 2022-06-28T12:42:41.19.
 
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