Domino's Mixed-Use Listing Details & Market Data

2020, 2022, 2024 College St., Cedar Falls, IA 50613

  • For Sale $1,470,000
  • Property Type Retail - Strip
  • Property Size 13,370 SF
  • Units 10
  • Lot Size 0.16 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1914
  • Year Renovated 2013
  • Date Updated Apr 12, 2024
The City of Cedar Falls is located in Black Hawk County, in the State of Iowa. Originally named “Sturgis Falls” after its first settler, William Sturgis, it was later renamed after the river that flows through the city. Cedar Falls is home to the University of Northern Iowa, one of Iowa’s three state universities. In addition to programming provided by the City’s Hearst Center for the Arts, the Parks and Recreation Divisions, and the outstanding education provided by the Cedar Falls Schools, the University of Northern Iowa provides additional opportunities for academic, cultural, and athletic activities. The Cedar Valley includes a diverse group of businesses which include; food processing, logistics, manufacturing, information solutions, and agri-based biotechnology. John Deere, located in Waterloo, is one of the most important sectors providing over 5,000 jobs that range from line workers to office jobs and more. Other large providers of employment include Tyson Foods, MercyOne, UnityPoint Health, the University of Northern Iowa, Target distribution, Bertch Cabinetry, and The Waterloo Community School District. The Cedar Valley is constantly growing and diversifying its offerings to attract new businesses to the area. The Cedar Valley located in Northeast Iowa is home to around 250,000 Iowans. Just shy of 100 miles, the Cedar Valley includes 6 different counties. The quality of life in the Cedar Valley is strengthened by a substantial amount of bicycle trails, 130+ miles of recreational trails, golf courses, countless municipal and state parks, sports complexes, numerous museums, and performing arts centers. Home to the University of Northern Iowa, one of Iowa’s three state universities, a 4-year private college, a community college, and advanced public and private Pre-K and K-12 schools. The Cedar Valley is a prospering area for fine arts and diverse culture. The area is home to, Waterloo Center of Arts, Cedar Valley Arboretum & Botanic Gardens, and Hearst Center for the Arts.Prime Net Lease is pleased to present this mixed-use retail/multi-family property just steps from Northern Iowa University in Cedar Falls, IA. The property consists of three retail tenants, Domino's Pizza, Off the Grill, & Voya Salon, which occupy the ground floor and four multi-family units above them which include two 2-bedroom, 1-bathroom units, and two 3-bedroom, 1-bathroom units. The property is superbly located just steps from the Northern Iowa University campus in a residential community with over 11,000 residents within a 1-mile radius. The University of Northern Iowa is ranked second in the “Top Public Schools Regional University (Midwest)” category, according to U.S. News & World Report. As one of Iowa’s three public universities, UNI is known for designing robust and practical learning experiences — the kind that gives our students the career edge they need in fields like education and business. But most importantly, we're passionate about our students. With over 90 degree programs and a community of supportive faculty, we’re here to help you chase your dreams. With a vibrant campus community, and endless opportunities to explore, we promise to keep things interesting along the way. Student housing demand in the area ensures the units are always rented at top of the market rates. Kwik Star Gas Station and Convenience Store located just across the street provides additional traffic for the retail tenants who have all successfully operated at the site for an average of just under 7 years. *2016 College St (Jimmy John's) also available, contact broker for info.* **2018 College St (China Rose Massage) is NOT included in this offering.**

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Highlights

  • LONG TERM RETAIL TENANTS - Nationally recognized retail tenant Domino's Pizza occupies the retail space on a long term lease. OhMyGrill & Voya Salon both recently signed 5-year extensions!
  • NNN LEASES - Most of Retail Tenants are on NNN Leases allowing for a large portion of the expenses to be reimbursed.

Contacts

broker

Michael Matusik

Prime Net Lease

(714) 874-4004

Location

Getting Around

  • Walk Score ®

    Very Walkable (75)
  • Transit Score ®

    Some Transit (31)
  • Bike Score ®

    Bikeable (60)
Powered by Walk Score ®
  • City Cedar Falls, IA
  • Neighborhood Cedar Falls
  • Zip Code 50613

Points of Interest

  • Kwik Star

    0.03 miles

  • Conoco

    0.59 miles

  • Casey's General Store

    1.09 miles

  • Cenex

    1.77 miles

  • Casey's General Store

    2.43 miles

  • Murphy USA

    2.50 miles

  • Hy-Vee Gas

    3.03 miles

  • Kwik Trip

    3.39 miles

  • BP

    3.42 miles

  • Sinclair

    4.23 miles

  • Multimodal Transportation Center

    0.24 miles

  • Towers Drive

    0.32 miles

  • Campbell CP Lot

    0.38 miles

  • Baker Lot

    0.41 miles

  • Campbell B Lot

    0.46 miles

  • West Gym Lot

    0.50 miles

  • Latham Field

    0.51 miles

  • BRC Lot

    0.54 miles

  • Rider Lot

    0.57 miles

  • ITC Lot

    0.58 miles

  • Hydrant Firehouse Grill

    0.04 miles

  • McDonald's

    0.56 miles

  • Pepper's Sports Pub and Grill

    0.86 miles

  • J's Homestyle Cooking

    0.88 miles

  • Marco's Pizza

    0.98 miles

  • Waffle Stop

    1.01 miles

  • Starbecks Smikehouse

    1.04 miles

  • Carlos O'Kelly's

    1.08 miles

  • Pancharos Mexican Grill

    1.11 miles

  • Buffalo Wild Wings

    1.11 miles

  • Masala Market

    0.15 miles

  • Hy-Vee

    1.13 miles

  • ALDI

    1.16 miles

  • College Square Mall

    1.21 miles

  • Von Maur

    1.26 miles

  • Kohl's

    1.47 miles

  • Fareway

    1.58 miles

  • Thunder Ridge Mall

    1.65 miles

  • Fareway Meat & Grocery

    1.73 miles

  • Natural Grocer

    1.80 miles

Contact Listing Broker

broker

Michael Matusik

Prime Net Lease

(714) 874-4004