Sale Price $2,577,950 - MLS: 202505534
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.
MLS #: 202505534
Sale Price: $2,577,950
Year Built: 2024
Sq Ft: 2437.0
Business: Food And Beverage, Retail
Construction: Block
Floor Type: Concrete Slab Grade
Financing:
Utilities: Electricity Available, Natural Gas Available, Sewer Available, City Water
Acreage: 0.62
Lot:
Frontage: County Road, Paved
Energy Generation:
Heat/Cooling: Natural Gas, Central, Central Air
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: GLD Commercial Real Estate Advisors - Agent: Adam Gibbs - Information furnished by Iowa City Area Association of Realtors