1850 Blairs Ferry Rd NE - Freestanding FOR SALE


Cedar Rapids, IA 52402
$2,916,667 USD
602-687-6766
1850 Blairs Ferry Rd NE, Cedar Rapids, IA for Sale
$2,916,667 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

1850 Blairs Ferry Rd NE
Cedar Rapids, IA 52402


HIGHLIGHTS

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Brakes Plus Operates 169+ Locations Across 6 States
  • Situated in the Cedar Rapids MSA with 115,353 Residents in the Surrounding Area
  • Average Household Income Exceeds $105,000 within a 3-Mile Radius

OVERVIEW

Founded in 1990, Brakes Plus offers brake and auto repair services, tire rotation, oil changes, transmission services, and more. Whether it's scheduled maintenance or oil changes, shocks and struts or brake repair/maintenance, Brakes Plus provides customers a service they can trust at a price they can afford. Brakes Plus now has 169 locations and growing across six states. Today, as the largest multi-brand tire dealer in the United States, Mavis operates over 2,000 service centers in 38 states under three operating formats: Mavis Tire, Express Oil Change & Tire Engineers, and Brakes Plus. Hiawatha is a city in Linn County, Iowa, a suburb of Cedar Rapids located in the northwestern portion of the metro area. The city's estimated population sits at just over 7,000. Cedar Rapids is the second-largest metropolitan area in the state, located just north of the largest university in Iowa, and is roughly 250 miles from both Minneapolis and Chicago.

FOR SALE DETAILS

PRICE

$2,916,667 USD

PRICE/SF

$470 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brakes Plus

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.