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JACOBS CREEK w/ Drive-Thru 746 Coral Ridge Ave 6,900 SF 100% Leased 4-Star Retail Building Coralville, IA 52241 $2,950,000 ($427.54/SF) 6.68% Cap Rate
INVESTMENT HIGHLIGHTS
- Flexible building sizes available.
- Drive-thru options available.
EXECUTIVE SUMMARY
Investment offering includes a fully leased single-story retail property with excess land for future development. The current tenants include Midwest Mattress & Abelardo's Mexican Fresh. Property is offered as a package or it can be subdivided and the leased building or excess lot can be purchased individually.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
6,900 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,950,000
Price Per SF
$427.54
Cap Rate
6.68%
NOI
$196,989
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.91 AC
Zoning
C-PUD 2 - Commercial
Parking
58 Spaces (8.41 Spaces per 1,000 SF Leased)
Frontage
296’ on Coral Ridge Avenue
AMENITIES
- 24 Hour Access
- Air Conditioning
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0636388002 | Improvements Assessment | $841,900 |
| Land Assessment | $998,400 | Total Assessment | $1,840,300 |
PROPERTY TAXES
Parcel Number
0636388002
Land Assessment
$998,400
Improvements Assessment
$841,900
Total Assessment
$1,840,300
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JACOBS CREEK w/ Drive-Thru | 746 Coral Ridge Ave
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