550 WILSON AVE SW Cedar Rapids IA 52404-3514

• Excellent investment opportunity
• Superior visibility on the intersection of two highly traveled roads
• Approximately 24,100 vehicles daily
• 0.2 miles from I-380 Interchange
• 57,964 people live within 3-mile radius

Graystone Capital Advisors are pleased to offer For Sale: Fas Fuel & Market located at 550 Wilson Avenue SW, Cedar Rapids, Iowa.

This property is easily accessible with great visibility on a corner lot in a densely populated suburban area only 0.2 miles from the north and south on and off ramps to I-380, which is the main commuter interstate traveling directly through Cedar Rapids.

High traffic counts exist in this area with more than 12,400 vehicles traveling past the property daily. Demographics are strong with approximately 57,964 people living within a three-mile radius of the property and an average household income of $62,570 annually.

Fas Fuel & Mart was built in 1992 and recently renovated in 2022.

The building is 3,252 square feet situated on a 1.33acre lot in a highly traveled location on the southwest side of Cedar Rapids.

With I-380 and the Eastern Iowa Airport in close proximity, this area has many hotels/motels right off the interstate on 33rd Avenue, and a variety of dining options to serve both locals and visitors from out of town.

• Tenant Recently Renovated The Site in 2022 Showing Long Term Commitment To the Site

• GPM Corporate Guaranty | GPM Southeast, LLC | 1,200+ Units

• Strong Rental Increase To Hedge Against Inflation

• Ideal 1031 Replacement Property Qualifying for Bonus Depreciation

• Long Operating History

This strategically located property sits on a highly trafficked and easily accessible corner site just .2 miles from the Wilson Ave interchange with I-380, the main north-south artery through Cedar Rapids. Approximately 13,255 vehicles pass the site daily. The city of Cedar Rapids, with a population of approximately 126,000, is the second largest city in Iowa and has experienced a significant 16% increase in populations since 1990. Approximately 53,480 people live within a 3-mile radius of the property.