$2,513,500

3214 1st Avenue NE, Cedar Rapids, IA 52402

  • 2,437 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2024
  • Property Lot Size Icon0.62acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $1,031/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

For Sale: Single-tenant Starbucks at 3214 1st Avenue NE, Cedar Rapids, IA. Offered at a 5.85% cap rate, the property generates $150,810 annually with a 10% rent increase at EOY Year 5 and 9 years remaining on the lease (exp. 2/28/2035). Located on 1st Avenue NE, one of the city’s most prominent retail corridors, the site offers strong visibility, traffic counts, and a dense surrounding customer base. Recent property updates and Starbucks’ long-term commitment make this an attractive, stable investment opportunity.

Listing Status:
Active
Date Added:
September 2, 2025 at 05:00AM
Listing Office:
GLD COMMERCIAL : 319-731-3400
Listing Agent:
Adam Gibbs : 319-731-3415
MLS ID:
2507485
  • Flooring: Concrete
  • A/C: Central Air
  • Heating: Central
  • Parking: Off Street
  • Roofing: Membrane
  • General: BlockConcrete1
  • Originating MLS: CDR_CDR
  • County: Linn
  • Zoning: TMCIRR SUR SW 11-83-7 S65' E176' LOT 15 EX P.O.S. #2523 & E176' LOT 1614113-31031-00000
  • Utilities: Electricity AvailableNatural Gas Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: CDR_CDR

This listing courtesy of Adam Gibbs, GLD COMMERCIAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Arthur Elementary

2630 B Ave NE, Cedar Rapids, IA, 52402

Grades PK-5

0.49 miles away

B

Benjamin Franklin Middle School

300 20th St NE, Cedar Rapids, IA, 52402

Grades 6-8

0.95 miles away

W

Washington High School

2205 Forest Dr SE, Cedar Rapids, IA, 52403

Grades 9-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.