5475 Dyer Ave - Storefront Retail/Office FOR SALE
Marion, IA 52302 |
$1,153,760 USD
914-582-8281
5475 Dyer Ave
Marion, IA 52302
HIGHLIGHTS
- Dyer Ave Retail Center in Marion, IA | CEDAR RAPIDS MSA
- 100% Leased Retail/Office Strip Center | STRONG MIX OF SERVICE ORIENTED TENANTS
- Minimal Landlord Responsibilities | ALL TENANTS REIMBURSE FOR NNN EXPENSES
- Proven Long-Term Tenants | SCHWEEN CHIROPRACTIC & GROWTHLAND HAVE OCCUPIED THE SITE SINCE 2011 AND 2014, RESPECTIVELY
- Recent Lease Extensions | SCHWEEN CHIROPRACTIC, MEEKS CONSTRUCTION, AND GROWTHLAND ALL RECENTLY EXTENDED THEIR LEASES, DEMONSTRATING THEIR COMMITMENT
- Shadow-Anchored by a High-Performing Walmart Supercenter | TOP 79TH PERCENTILE OF WALMARTS IN IOWA IN ANNUAL CONSUMER TRAFFIC | OVER 2.6M VISITORS
OVERVIEW
SAB Capital is pleased to present Dyer Ave Retail Center in Marion, IA, located within the Cedar Rapids MSA. This 100% occupied retail center features a variety of service-oriented tenants, all signed to triple-net (NNN) leases. The property boasts strong location fundaments being located across the street from a high performing Walmart that sees 2.6M visitors per year and benefits form a signalized intersection that sees over 33,200 vehicles per day.
FOR SALE DETAILS
PRICE
$1,153,760 USD
PRICE/SF
$144 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Dyer Ave Retail Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
C-3
APN/PARCEL ID
10333-76005-00000
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914-582-8281
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914-582-8281
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