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$4,493,500
4545 1st Ave SE, Cedar Rapids, IA 52402
0 Beds
0 Baths
6,874 SqFt

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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.
  • Price:
  • $4,493,500
  • Square Footage:
  • 6,874
  • Acreage:
  • 1.10
  • Year Built:
  • 2018
  • Listing ID #:
  • 2201370
  • Street Address:
  • 4545 1st Ave SE
  • City:
  • Cedar Rapids
  • State:
  • Iowa
  • Postal Code:
  • 52402
  • County:
  • Linn
  • Community:
  • Se Quadrant
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Approximate Total Liveable Area:
  • 6874
  • Construction Description:
  • Frame
  • Features:
  • Multi-Tenant, Private Restrooms, Pole Sign
  • Flooring:
  • Carpet
  • Stories:
  • 1
  • Stories:
  • 1
  • Type Of Roof:
  • Membrane
  • Year Built:
  • 2018
  • Business Description:
  • Aspen Dental
  • Conforms To Zoning:
  • Smrc
  • Zoning Description:
  • Smrc
  • Days On Market:
  • 199
  • Included In Sale:
  • Building, Land
  • On Market Date:
  • 2022-03-09
  • Originating Mls:
  • Cdr
  • Previous Listing Price:
  • 4730000
  • Terms:
  • Cash, Other
  • Property Taxes:
  • $44,286
  • Parking Description:
  • Off Street
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • 1
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Gld Commercial

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