Description
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new faade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and El Bajio Mexican Restaurant; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,269; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
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0BEDS
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1.12ACRES
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0BATHS
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01/2 BATHS
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7,801SQFT
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$303$/SQFT
School Ratings & Info
Description
Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. The property was extensively renovated in 2021/2022, including a new roof, new faade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and El Bajio Mexican Restaurant; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,269; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.
© 2023 Iowa City Area Association of Realtors. 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 Johnson Team | Skogman Realty. Data last updated: 2023-12-10T17:25:57.273