Fleet Farm – Cedar Rapids, IA

4650 Cross Pointe Blvd, Cedar Rapids, IA 52411
196,794 SF
$35,877,969
Retail, Investments for Sale
7 Photos
Jordan Rieffenberger, CCIM, SIOR
Jordan Rieffenberger, CCIM, SIOR
Raquel Blount, SIOR
Raquel Blount, SIOR
Investment Property For Sale
Building Size
196,794 RSF
Sale Price
$35,877,969
Location Highlights
  • Ideally situated right off Exit 7 on IA 100, Fleet Farm Cedar Rapids sits on 19.12 acres of newly developed land among a critical mass of retailers densely concentrated in the surrounding area.
Description
  • Built in 2019
  • Cap Rate: 6.50%
  • NOI: $2,332,068
  • Lease Commencement and Expiration: 9/17/2019-9/30/2039
  • Parking: 637 parking stalls
  • Big Box Retail Parcel: 832,861 SF (19.12 Acres)
  • C-Store / Car Wash Parcel: 76,024 (1.74 Acres)
  • +/- 19 years remaining on the original lease term
  • 196,794 square foot building positioned on 19.12 acres
  • Location includes a tire center, convenience store, and car wash positioned on 1.75 acres
  • Fleet Farm is a mix of farm, home improvement, pet and automotive goods and services
  • Surrounding retailer include Toyota Financial Services, Randy Kuehl Honda Cars, Hy-Vee, Red Wing, Lowe’s Home Improvement, Walmart Supercenter, Wells Fargo, McGrath Ford, Dave Wright Subaru, Kirkwood Community College, Target, Dunkin’ Donuts, Pizza Hut, DQ Grill & Chill, Casey’s and many more
  • Disclosure: One or more members of the selling entity are licensed real estate brokers.
  • Please complete the NDA & CA and return to the Brokers for the OM.
Location
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