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320 Collins Rd NE 9,428 SF of Retail Space Available in Cedar Rapids, IA 52402
Highlights
- Positioned within one of Cedar Rapids' strongest retail and restaurant corridors.
- Ideal for full-service restaurants, upscale casual dining, entertainment dining concepts, breweries, specialty food users, or flagship retail.
- Surrounded by national retailers, hotels, entertainment, and dense residential neighborhoods
- Ample on-site parking with excellent access and circulation.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 9,428 SF | Negotiable | $29.91 /SF/YR $2.49 /SF/MO $281,991 /YR $23,499 /MO | Triple Net (NNN) |
1st Floor
Rare opportunity to lease (or purchase) a highly visible freestanding restaurant in one of Cedar Rapids' premier retail and dining corridors. This 9,500 SF former Biaggi's Ristorante Italiano sits on approximately 1.6 acres along heavily traveled Collins Road NE, offering outstanding visibility, convenient access, and exposure to tens of thousands of vehicles daily. Surrounded by an exceptional mix of national retailers, hotels, restaurants, and major employers, the property benefits from a strong daytime workforce, affluent surrounding neighborhoods, and consistent consumer traffic throughout the day and evening. The site's generous parking, excellent ingress/egress, and recognizable location make it an outstanding opportunity for a full-service restaurant, upscale casual dining concept, specialty food user, or other high-profile retail use. This is one of the few second-generation restaurant opportunities available in the Cedar Rapids market, allowing an operator to capitalize on an established restaurant destination while significantly reducing development time and cost compared to new construction. Ownership is offering the property for lease and will also consider the sale of the property.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Select Tenants at 320 Collins Rd NE, Cedar Rapids, IA 52402
- Tenant
- Description
- US Locations
- Reach
- Biaggi's Ristorante Italiano
- Restaurant
- 16
- National
| Tenant | Description | US Locations | Reach |
| Biaggi's Ristorante Italiano | Restaurant | 16 | National |
Property Facts
| Total Space Available | 9,428 SF | Gross Leasable Area | 9,428 SF |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Restaurant | Parking Ratio | 6.58/1,000 SF |
| Total Space Available | 9,428 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 9,428 SF |
| Year Built | 2000 |
| Parking Ratio | 6.58/1,000 SF |
About the Property
320 Collins Rd NE is a retail property formerly occupied as a full-service restaurant. The site spans approximately 1.56 acres and includes a single-story building constructed in 2000 with an interior footprint totaling 9,428 square feet. Utilities to the property include electricity, natural gas, and municipal water and sewer services. The property is located along Collins Road NE, a primary arterial in Cedar Rapids, and is accessible via county/city roads with state highway frontage. The surrounding area contains a mix of commercial retail, hospitality, and major employment centers. Roadway and parking infrastructure support vehicular access with multiple points of ingress and egress.
Nearby Major Retailers
Contact the Leasing Agent
320 Collins Rd NE