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Single-Tenant Vacant-User

Shell | Business & Real Estate

2824 1st Ave NE, Cedar Rapids, IA 52402

Listing Price: $1,150,000

Cap Rate
1.00%
Tenant Name
Shell
Years Remaining On Lease
0.9
Guarantor
No Guarantee
Rentable SF
1,425
Lease Type
Triple Net (NNN)

Investment Overview

Marcus and Millichap is pleased to present for sale a Shell Gas Station located in the Cedar Rapids metropolitan area.
Accessible by nearly 25,600 cars per day along 1st Ave NE and 29th St, the subject property is conveniently located along a major thoroughfare, providing a direct route into downtown Cedar Rapids. Cedar Rapids is the second-largest metropolitan area in the state, and there are approximately 151,105 residents within a five-mile radius of the property. The subject property is located a short four-minute drive from Mount Mercy University, home to over 1,400 students. Also located in close proximity to the subject property are Lindale Mall, Clark Field Stadium, Mercy Medical Center, and Coe College.

Investment Highlights

  • Gas Station Business and Real Estate For Sale in the Cedar Rapids MSA
  • Approximately 151,105 Residents Within a Five-Mile Radius
  • Car Wash Operational but Currently Not in Use
  • Excellent Location Approximately Five Miles From Lindale Mall, Mount Mercy University, Elmrest Country Club, Downtown Cedar Rapids, and Other Points of Interest
  • Highly Visible Hard-Corner Location Along 1st Ave NE and 29th St Ave - Accessible by a Combined Approximately 25,600 Cars per Day
  • Easily Accessible on 1st Ave NE, Providing Direct Route to Downtown Cedar Rapids

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Single-Tenant Vacant-User

Shell | Business & Real Estate

Listing Price: $1,150,000

Cap Rate
1.00%
Tenant Name
Shell
Years Remaining On Lease
0.9
Guarantor
No Guarantee
Rentable SF
1,425
Lease Type
Triple Net (NNN)

Investment Highlights

  • Gas Station Business and Real Estate For Sale in the Cedar Rapids MSA
  • Approximately 151,105 Residents Within a Five-Mile Radius
  • Car Wash Operational but Currently Not in Use
  • Excellent Location Approximately Five Miles From Lindale Mall, Mount Mercy University, Elmrest Country Club, Downtown Cedar Rapids, and Other Points of Interest
  • Highly Visible Hard-Corner Location Along 1st Ave NE and 29th St Ave - Accessible by a Combined Approximately 25,600 Cars per Day
  • Easily Accessible on 1st Ave NE, Providing Direct Route to Downtown Cedar Rapids

Investment Overview

Marcus and Millichap is pleased to present for sale a Shell Gas Station located in the Cedar Rapids metropolitan area. Accessible by nearly 25,600 cars per day along 1st Ave NE and 29th St, the subject property is conveniently located along a major thoroughfare, providing a direct route into downtown Cedar Rapids. Cedar Rapids is the second-largest metropolitan area in the state, and there are approximately 151,105 residents within a five-mile radius of the property. The subject property is located a short four-minute drive from Mount Mercy University, home to over 1,400 students. Also located in close proximity to the subject property are Lindale Mall, Clark Field Stadium, Mercy Medical Center, and Coe College.

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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