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4545 1st Avenue SE

Cedar Rapids, IA 52402
  • $4,493,500
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 2201370
UPDATED: 78 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 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 The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T23:42:29.963.
www.cedarrapidsareahomes.com/homes/126536522
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4545 1st Avenue SE Cedar Rapids, IA 52402

  • Price: $4,493,500
  • Status: Active
  • On Site: 71 Days
  • Updated: 78 min ago
  • MLS #: 2201370
0
Beds
0
Baths
0
½ Baths
1.1
Acres
6,874
SQFT
$654
$/SQFT
2018
Built
Neighborhood:
SE Quadrant
County:
Linn
Area:
SE Quadrant
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 Levels One Parking Features Off Street Roof Membrane Stories Total 1

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating Central Heating YN Yes

Property Features

Lease Considered YN No Property Sub Type Investment Sewer Public Sewer Tax Annual Amount 44286 Utilities Electricity AvailableNatural Gas Available Water Source Public Zoning Description Smrc

Listing information © 2022 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Adam Gibbs of Gld 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 The Graf Home Selling Team & Associates. Data last updated: 2022-05-19T23:42:29.963.
 
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The Graf Home Selling Team & Associates
2252 Blairs Ferry Road
Hiawatha IA, 52233