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.
54,600 SF total availability with multiple suites and floor plans from 661 SF to 13,611 SF. At the hub of the downtown skywalk system, large internet pipeline and convenient access to downtown amenities. Take as-is or, Landlord is willing to redevelop to tenants needs with qualifying lease.
The median home value in Cedar Rapids, IA is $195,000. This is lower than the county median home value of $208,200. The national median home value is $338,100. The average price of homes sold in Cedar Rapids, IA is $195,000. Approximately 64.84% of Cedar Rapids homes are owned, compared to 27.36% rented, while 7.81% are vacant. Cedar Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Cedar Rapids real estate agent to arrange a tour today!
Cedar Rapids, Iowa has a population of 136,512. Cedar Rapids is less family-centric than the surrounding county with 30.16% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Cedar Rapids, Iowa is $63,170. The median household income for the surrounding county is $70,360 compared to the national median of $69,021. The median age of people living in Cedar Rapids is 36.4 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 11.4 degrees. The average rainfall is approximately 36 inches per year, with 28.3 inches of snow per year.