3837 1st Ave SE, Cedar Rapids, IA 52403

Bang Realty in association with The Boulder Group is pleased to exclusively market for sale a single tenant net leased Byrider property. The lease runs through April 2034 and is triple net with no landlord responsibilities. There are 2% annual rental escalations that start in 2025 and continue into the three 5-year renewal options. The lease also features a franchisee guaranty and is ranked #7 out of 150 locations for Byrider with strong store sales. The franchisee, Russ Larson, was recognized as Franchisee of The Year for 2022 and received the President’s Award for operating locations in the top 10% of Byrider Stores.

The 21,928 square foot building is located along 1st Avenue which experiences over 30,920 vehicles per day. The subject property is located less than one mile south of the dense retail corridor along Collins Avenue which is occupied by several shopping centers. Nationally recognized tenants along Collins Avenue include The Home Depot, Menards, ALDI, Hobby Lobby, Dick’s Sporting Goods, Best Buy, HomeGoods, Starbucks, McDonald’s, Raising Cane’s, and many others. Byrider also benefits from its proximity to Interstate 380 which hosts more than 67,573 vehicles daily. There are 150,268 people living within five miles of the property who earn an average household income of $89,787.

Byrider, one of America’s largest buy-here-pay-here used car dealership and franchise systems, has sold more than 1.33 million cars at more than 150 locations across the country. Founded in 1989 as J.D. Byrider, the company recently rebranded and changed its name to Byrider. As part of its commitment to customer service, Byrider offers high-quality autos, trucks, and SUVs withon-site financing and features warranties and optional vehicle service plans with each vehicle sold. Each Byrider store features a state-of-the-art service department offering low-cost maintenance.