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3837 1st Ave
Cedar Rapids, IA 52402
Retail Property For Sale
EXECUTIVE SUMMARY
Byrider has more than 140 locations and has sold over 1.3 million cars. Top performing location with strong store sales (Ranked in the top 15 of 140 stores). Over 8 years remaining on the primary lease term. NNN lease presents no landlord responsibilities. 2% annual rental escalations. Guaranty from top-ranked franchisee, Russ Larson. Located along 1st Avenue (30,900 VPD). Within proximity to Interstate 380 (67,000 VPD) and Collins Ave (34,000 VPD). Over 149,000 people live within five miles of the property. Average household income within a five-mile radius exceeds $101,000
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
21,739 SF
Building Class
B
Year Built/Renovated
1969/2002
Price
$3,060,000
Price Per SF
$140.76
Cap Rate
8%
NOI
$244,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.18 AC
Zoning
Commercial
Frontage
225’ on 1st Ave
PROPERTY TAXES
| Parcel Number | 14112-04015-00000 | Improvements Assessment | $1,088,000 |
| Land Assessment | $627,000 | Total Assessment | $1,715,000 |
PROPERTY TAXES
Parcel Number
14112-04015-00000
Land Assessment
$627,000
Improvements Assessment
$1,088,000
Total Assessment
$1,715,000
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