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Kinder Care Learning Center 615 1st Ave SE 34,483 SF Retail Building Cedar Rapids, IA 52401 $3,455,900 ($100.22/SF) 7% Cap Rate
Investment Highlights
- Double Net Lease Through October 2032
- Corporate Guarantee From KinderCare, the Largest Childcare Provider with Over 1,400 Locations
- 10% Rent Increase in 2027
- Corner Location in Downtown Cedar Rapids with Courtyard Playground
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Day Care Center
Building Size
34,483 SF
Building Class
B
Year Built
1970
Price
$3,455,900
Price Per SF
$100.22
Cap Rate
7%
NOI
$241,913
Tenancy
Single
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.71 AC
Opportunity Zone
Yes
Parking
19 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
221’ on 1st Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KinderCare
- Services
- -
- -
- Double Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KinderCare | Services | - | - | Double Net | - |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14214-51003-00000 | Improvements Assessment | $1,810,100 |
| Land Assessment | $373,400 | Total Assessment | $2,183,500 |
Property Taxes
Parcel Number
14214-51003-00000
Land Assessment
$373,400
Improvements Assessment
$1,810,100
Total Assessment
$2,183,500
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Kinder Care Learning Center | 615 1st Ave SE
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