1140 Blairs Ferry Rd NE Listing Details & Market Data

Excellent location on Blairs Ferry Rd NE between Council Street and Rockwell Dr NE.Fully Leased and recently remodeled retail investment opportunity near Super Target! Multi-tenant retail property located along Blairs Ferry Rd NE - nearly 23,000 vehicles per day. THE PROPERTY WAS EXTENSIVELY RENOVATED IN 2021/2022, INCLUDING A NEW ROOF, NEW FACADE AND ALL NEW HVAC. Tenants include: Dunn Brothers Coffee, The Good Feet Store, and Mextizo; all leases are personally guaranteed by principals of the tenant entities. 128 parking spaces included. 7.25% CAP rate. Current NOI: $171,272; subject to annual rental increases per the leases. Contact listing agent for additional details. Member of the ownership entity is a licensed REALTOR in the state of Iowa.Newly remodeled multi-tenant retail property. Perfect for retail, restaurant, coffee shop, or service tenants looking for a highly visible location along Blairs Ferry Rd NE. Approximately 23,000 vehicles per day at this location. Unit 1 includes an outdoor patio for additional seating and Unit 4 includes a drive-thru.