3214 1st Avenue NE, Cedar Rapids, IA 52402
MLS Number: 2507485 |
Subtype: Commercial | Area: NE Quadrant
$
2,577,950
For Sale: Single-tenant Starbucks at 3214 1st Avenue NE, Cedar Rapids, IA. Offered at a 5.85% cap rate, the property generates $150,810 annually with a 10% rent increase at EOY Year 5 and 9 years remaining on the lease (exp. 2/28/2035). Located on 1st Avenue NE, one of the city’s most prominent retail corridors, the site offers strong visibility, traffic counts, and a dense surrounding customer base. Recent property updates and Starbucks’ long-term commitment make this an attractive, stable investment opportunity.
Property
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County: Linn
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Lot Size: .622 AC
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Acres: 0.6220
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Year Built: 2024
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Zoning: TMC
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Gross tax: $18,354.00
Building
Total Building SF: 2,437
Ceiling Height: 11ft-14ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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