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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 façade and all new HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; 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.
| DAYS ON MARKET | 851 | LAST UPDATED | 10/5/2023 |
|---|---|---|---|
| YEAR BUILT | 1993 | COMMUNITY | OutOfArea |
| COUNTY | Linn | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Oct 5, '23 | $2,250,000 |
|---|---|
| Oct 5, '23 - Today | $2,362,335 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | OutOfArea |
| CONSTRUCTION | Block |
| HEAT | Central, Natural Gas |
| LOT | 1.12 acre(s) |
| LOT DIMENSIONS | 0 |
| TAXES | 39864 |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Phone Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Adam Gibbs, GLD Commercial Real Estate Advisors
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