Listed by Skogman Commercial Group
$1,827,086
Brakes Plus & Clean Laundry
Details
APN 13361-76009-00000
Property Type Retail
Sub Type Auto Shop
Square Footage 6,360
Net Rentable (SqFt) 6,360
Cap Rate 7%
NOI $127,896
Occupancy 100%
Tenancy Multi
Brand/Tenant Brakes Plus, Clean Laundry
Lease Type NNN
Lease Term 15
Lease Expiration 05/31/2031
Remaining Term 4.9
Pro-Forma Cap Rate 7%
Pro-Forma NOI $127,896
Price per SqFt $287
Broker Co-Op Yes
Class B
Year Built 2000
Year Renovated 2016, 2022
Buildings 1
Stories 1
Lot Size (SqFt) 35,414
Zoning S-MU
Parking Spaces 35 spaces
Parking Per SqFt 5.50
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/26/2016
Occupancy Date 12/30/2025
Ground Lease No
Ownership Corporate
Sale Condition N/A
National Tenant Retail | 7% CAP | 6,360 SqFt
Marketing description
Highly visible net lease property in the Cedar Rapids, Iowa MSA. Located at the intersection of Edgewood Rd. SW and Williams Blvd. SW, this location provides the tenants one of the higher traffic counts in the market. Adjacent to dozens of national and regional retailers, the property and the tenants are well positioned for years to come. Newer roof and other major improvements recently. Brakes Plus has recently renewed their lease and remodeled to their current store concept.
Listing Contacts
Listed by Skogman Commercial Group
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$127,896.00
$10,658.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
S-MC MixedMixed UseSuburban Mixed Use Community Center
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View all 96 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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