Skip To Content

4545 1st Ave Se

Cedar Rapids, IA 52402
  • $4,085,000
  • STATUS: Active
  • ON SITE: 829 Days
  • MLS #: 202201331
UPDATED: 51 min ago
$4,085,000
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,874
    SQFT
  • $594
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2018
County:
Area:

School Ratings & Info

Description

Net leased investment opportunity ideally located on 1st Avenue/Hwy 151 in the heart of Cedar Rapids' retail/commercial district near the busiest corner in Linn County. National credit tenants include FedEx Office and Aspen Dental. FedEx Office, with over 2200 locations nationwide, is a strong investment grade tenant with a market capitalization of over $50 Billion. Aspen Dental, the largest and fastest-growing branded network of dental practices in the US has nearly 900 locations in 42 states nationwide. Aspen Dental has pursued an aggressive growth strategy. The company targets new locations located in super-regional retail areas. In 2020, the company forecasted that more than 800 branded practices will service 5 million patient appointments. Aspen dental net lease properties are highly sought after investments. Contact LA for lease terms. Ownership contains licensed real estate professionals in the State of Iowa.

Monthly Payment Calculator



© 2024 Iowa City Area Association of Realtors. 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: 2024-06-16T11:26:02.543
www.lepicelite.com/homes/126538979
Print Image

4545 1st Ave Se Cedar Rapids, IA 52402

  • Price: $4,085,000
  • Status: Active
  • On Site: 829 Days
  • Updated: 51 min ago
  • MLS #: 202201331
0
Beds
0
Baths
0
½ Baths
1.1
Acres
6,874
SQFT
$594
$/SQFT
2018
Built
Neighborhood:
Out Of Area
County:
Linn
Area:
Out Of Area
Property Description
Net leased investment opportunity ideally located on 1st Avenue/Hwy 151 in the heart of Cedar Rapids' retail/commercial district near the busiest corner in Linn County. National credit tenants include FedEx Office and Aspen Dental. FedEx Office, with over 2200 locations nationwide, is a strong investment grade tenant with a market capitalization of over $50 Billion. Aspen Dental, the largest and fastest-growing branded network of dental practices in the US has nearly 900 locations in 42 states nationwide. Aspen Dental has pursued an aggressive growth strategy. The company targets new locations located in super-regional retail areas. In 2020, the company forecasted that more than 800 branded practices will service 5 million patient appointments. Aspen dental net lease properties are highly sought after investments. Contact LA for lease terms. Ownership contains licensed real estate professionals in the State of Iowa.
Exterior Features

Construction Materials Frame Lot Size Acre Range OneToTwoAcres Lot Size Dimensions 0 Road Frontage Type CountyRoadPaved Roof Other

Interior Features

Bathrooms Total Integer 0 Cooling CentralAir Flooring ConcreteSlabGradeCarpet Heating NaturalGasCentral

Property Features

Auction Online Bid YN No Business Type MedicalOrDentalRetail Buyer Financing CashConventional Commercial Building Features DisplayWindowOther Common Area Maintenance 0 Compensation Remarks 2.0 Expiration Date 2025-03-09 Green Verification YN No Listing Terms CashConventional Possession AtClosing Property Sub Type Retail Special Features None Tax Annual Amount 44352 Tax Year 2020 Utilities CableAvailableElectricityAvailableNaturalGasAvailableSewerAvailablePhoneAvailableCityWater Zoning Sub MixedUse Regional Ctr

Listing information © 2024 Iowa City Area Association of Realtors.
Listing provided courtesy of Adam Gibbs of GLD Commercial Real Estate Advisors: 319-731-3410.



© 2024 Iowa City Area Association of Realtors. 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: 2024-06-16T11:26:02.543
 
Logo
Lepic Elite Home Team | Lepic-Kroeger, Realtors
2346 Mormon Trek Blvd
Iowa City IA, 52246