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3045 Williams Blvd SW
Cedar Rapids, IA 52404
Taco Bell: 14 Years on Absolute NNN Lease · Retail Property For Sale
PROPERTY FACTS
ABOUT 3045 WILLIAMS BLVD SW , CEDAR RAPIDS, IA 52404
Taco Bell has 14 years remaining on initial 20-year Absolute NNN lease with annual $1,400 rental escalations and one 10-year renewal option. The tenant, Timberline Management, LLC is an experienced operator with 12 Taco Bell restaurants throughout Eastern Iowa. This asset has been successfully open and operating since 2007 with an attractive 8.5% rent-to-sales ratio and has an interior/exterior remodel slated for yearend 2020 estimated at $250,000 (showing tenant’s commitment to the location!). Taco Bell is located in Cedar Rapids, Iowa well positioned at a signalized intersection in a dominant retail corridor (2 blocks from 840,00 SF Westdale Mall). Nearby retailers include: Walmart Supercenter, Target, Kohl’s, Menards, JCPenney, Ross Dress for Less, Burlington, Gander Outdoors, Harbor Freight Tools, Staples, Dollar Tree, Fareway Grocery, Walgreens, CVS Pharmacy, AMC Classic, etc. The subject location is just 4 miles from Coe College (enrollment over 1,400), 7 miles from Kirkwood Community College (14,900), and 3 miles from Unity Point Health – St. Luke’s Hospital (532 beds). *In Association with Iowa Designated Broker: Jessica Zahn Gibson, CIA Brokerage Company, B6728400
PROPERTY TAXES
| Parcel Number | 14312-51017-00000 | Improvements Assessment | $972,100 |
| Land Assessment | $324,000 | Total Assessment | $1,296,100 |
PROPERTY TAXES
