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4545 1st Ave Se

Cedar Rapids, IA 52402
  • $4,493,500
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: 202201331
UPDATED: 41 min ago
$4,493,500
  • 0
    BEDS
  • 1.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,874
    SQFT
  • $654
    $/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.

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© 2022 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: 2022-06-28T14:25:55.913
www.lepicelite.com/homes/126538979
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4545 1st Ave Se Cedar Rapids, IA 52402

  • Price: $4,493,500
  • Status: Active
  • On Site: 110 Days
  • Updated: 41 min ago
  • MLS #: 202201331
0
Beds
0
Baths
0
½ Baths
1.1
Acres
6,874
SQFT
$654
$/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

Additional Square Feet 5000-10000 Sqft Construct Cm Frame Road Frontage County/City RoadPavement Roof Type Other

Interior Features

Cooling Central A/C Floor Type CarpetConcrete Slab/Grade Heating CentralGas

Property Features

Bank Owned NO Business Medical DentalRetail Store Ci Features Display WindowOther Gross Taxcounty And City 44286 Insurance Exp Per Sqft 0 Internet Yes Lease Price 0 Location FreestandingShopping Center Lot Dimensions 0 Ownership Type Retail Possible Financing CashConventional Sale Includes Building &Amp; Land Sale Lease For Sale Special Features None Type Of Lease 0 Utilities Available Cable TvElectricityNatural GasSewerTelephoneWater-City Zoning Sub Mixeduse Regional Ctr

Listing information © 2022 Iowa City Area Association of Realtors.
Listing provided courtesy of Adam Gibbs of Gld Commercial Real Estate Advisors.



© 2022 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: 2022-06-28T14:25:55.913
 
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