1420 West 1st Street, Cedar Falls, IA 51103

Operating at 1420 West 1st Street, the property occupies a highly visible and accessible position along Iowa Highway 57, a primary commercial thoroughfare in Cedar Falls. This strategic placement captures robust daily traffic, exposing the site to approximately 14,700 vehicles per day. Positioned just moments from the heavily traveled Hudson Road intersection and the University of Northern Iowa campus, the property benefits from a continuous, daily flow of local commuters, students, and regional travelers. Furthermore, recent and ongoing municipal investments into the West 1st Street corridor have drastically improved vehicular accessibility and infrastructure, solidifying the site's long-term viability as a highly trafficked retail destination.

The surrounding demographic profile of Cedar Falls provides an exceptionally strong foundation for retail stability. The city boasts a steady population of over 41,400 residents, which is dynamically complemented by the influx of more than 9,200 students attending the nearby University of Northern Iowa. Residents within this market enjoy a robust economic climate, reflected by a healthy median household income of roughly $77,000—a figure that easily supports everyday retail and convenience spending. Bolstered by major regional employers such as John Deere, UnityPoint Health, and the university itself, the local economy ensures a stable, well-employed, and captive consumer base for the tenant.

Music Station is a staple neighborhood convenience store and mini-mart operating at 1420 West 1st Street, strategically positioned along a highly visible commercial corridor that captures 14,700 vehicles per day. Catering to daily commuters, local residents, and the substantial student population of the nearby University of Northern Iowa, the business fulfills a consistent daily-needs retail demand within a vibrant submarket. The property presents an exceptionally secure, passive investment opportunity backed by a brand-new, 20-year Absolute NNN lease with true zero landlord responsibilities. Operated by Iowa Investment, LLC and backed by a franchisee guarantor, the lease officially commences at the Close of Escrow and features highly attractive 10.00% rental increases every five years. This built-in rent growth, coupled with four five-year renewal options, provides a strong hedge against inflation and ensures predictable, long-term cash flow escalation for the prospective investor.