4545 1st AVE SE Active Save Request In-Person Tour Request Virtual Tour
Cedar Rapids,IA 52402
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,874 sqft
Price per Sqft $594
MLS Listing ID 2201370
HOA Y/N No
Total Fin. Sqft 6874
Year Built 2018
Annual Tax Amount $44,352
Lot Size 1.100 Acres
Acres 1.1
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.
Location
State IA
County Linn
Area Se Quadrant
Zoning SMRC
Interior
Interior Features InteriorFeatures
Heating Central
Cooling Central Air
Flooring Carpet
Inclusions Building,Land
Fireplace No
Exterior
Parking Features Off Street
Utilities Available Electricity Available,Natural Gas Available
Water Access Desc Public
Roof Type Membrane
Building
Building Description Frame, Multi-Tenant,Private Restrooms,Pole Sign
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Frame
Others
Tax ID 14024-51001-00000
Acceptable Financing Cash,Other
Listing Terms Cash,Other