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4701 SE 1st Ave 1,423 SF of Retail Space Available in Cedar Rapids, IA 52402
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,423 SF | Negotiable | $27.00 /SF/YR $2.25 /SF/MO $38,421 /YR $3,202 /MO | Triple Net (NNN) |
1st Floor
Constructed in 2006, Marketplace on 1st offers one available suite (1,423 SF) situated on a high-visibility corner positioned at one of Cedar Rapids’ most travelled intersections: Collins Road NE and 1st Avenue NE. The intersection carries over 44,000 vehicles per day, and is home to major shopping destinations including Lindale Mall, Collins Road Square, and offers proximity to freestanding Home Depot and Menards locations. Marketplace on 1st benefits from powerful national co-tenancy, including shadow anchors Dick’s Sporting Goods, Spare Time Entertainment, Boot Barn, Ulta Beauty and additional major retailers that consistently draw regional traffic. Marketplace on 1st caters to over 1.6 million annual visits (Placer.Ai). The center is situated in a hub of retail activity and benefits greatly from surrounding residential densities beyond the intersection. With immediate access from two major thoroughfares and proximity to key lifestyle destinations, the site is positioned at the heart of Cedar Rapids’ daily activity and long-term commercial growth.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
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.
SELECT TENANTS AT 4701 SE 1ST AVE, CEDAR RAPIDS, IA 52402
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- AT&T Wireless
- Wireless Communications
- 10,761
- International
- Boyson Jewelry
- Jewelry/Watches
- 1
- Local
- C R Signs
- Business/Copy/Postal Services
- 1
- -
- Diamond Nails & Spa
- Nail Salon
- 1
- Local
- Midwest Mattress
- Furniture/Mattress
- 1
- Regional
- Pancheros Mexican Grill
- Restaurant
- 105
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| AT&T Wireless | Wireless Communications | 10,761 | International |
| Boyson Jewelry | Jewelry/Watches | 1 | Local |
| C R Signs | Business/Copy/Postal Services | 1 | - |
| Diamond Nails & Spa | Nail Salon | 1 | Local |
| Midwest Mattress | Furniture/Mattress | 1 | Regional |
| Pancheros Mexican Grill | Restaurant | 105 | National |
PROPERTY FACTS
| Total Space Available | 1,423 SF | Total Land Area | 1.52 AC |
| Property Type | Retail | Year Built | 2006 |
| Gross Leasable Area | 28,396 SF | Parking Ratio | 1.66/1,000 SF |
| Total Space Available | 1,423 SF |
| Property Type | Retail |
| Gross Leasable Area | 28,396 SF |
| Total Land Area | 1.52 AC |
| Year Built | 2006 |
| Parking Ratio | 1.66/1,000 SF |
FEATURES AND AMENITIES
- Bus Line
- Dedicated Turn Lane
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
4701 SE 1st Ave
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