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Noelridge Centre 1060 NE Old Marion Rd Local commercial 1 412 m² 100 % Loué À vendre Cedar Rapids, IA 52402 2 240 801 € (1 586,83 €/m²) Taux de capitalisation 8 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Service oriented tenancy
- Exceptional demographic profile
- 100% occupied
Résumé analytique
WSG CRE is pleased to exclusively offer for sale the fee-simple interest in Noelridge Centre, a stabilized four-tenant neighborhood shopping center, featuring a strong lineup of grocery, restaurant and personal care tenants.
Below-Market Rental Rates | Potential Upside
In-place rents average just $13.51 PSF, well below current market rates, presenting a clear opportunity for future income growth. Investors can capitalize on mark-to-market potential as leases roll, in addition to leasing the remaining 750 SF currently utilized as office space for Mulligan’s. This combination creates meaningful upside in both the near and long term.
Essential Tenancy
The property features a dynamic mix of grocery, restaurant, and personal care tenants that drive consistent daily traffic. These service oriented businesses are highly resistant to e-commerce disruption, ensuring stable and recurring customer demand. The complementary tenant mix enhances cross-shopping and strengthens overall center performance.
Long-Term Stability
Mulligan’s Pub recently executed a five-year lease renewal extending through December 2030, demonstrating long-term commitment to the location. The renewal underscores the tenant’s confidence in the property and reduces near-term rollover risk.
Prime Location
The property is strategically positioned just one-half mile from the Collins Road arterial, one of Cedar Rapids’ primary retail corridors. With prominent signage, the location offers excellent visibility off of Old Marion Road and seamless access via one curb cut.
Affluent Customer Base
Directly adjacent to the exclusive Elmcrest Country Club, Noelridge Centre benefits from a steady stream of affluent local traffic. This proximity supports strong spending power and repeat visits from nearby residents and club members. The surrounding demographics enhance long-term tenant viability and overall asset value.
Below-Market Rental Rates | Potential Upside
In-place rents average just $13.51 PSF, well below current market rates, presenting a clear opportunity for future income growth. Investors can capitalize on mark-to-market potential as leases roll, in addition to leasing the remaining 750 SF currently utilized as office space for Mulligan’s. This combination creates meaningful upside in both the near and long term.
Essential Tenancy
The property features a dynamic mix of grocery, restaurant, and personal care tenants that drive consistent daily traffic. These service oriented businesses are highly resistant to e-commerce disruption, ensuring stable and recurring customer demand. The complementary tenant mix enhances cross-shopping and strengthens overall center performance.
Long-Term Stability
Mulligan’s Pub recently executed a five-year lease renewal extending through December 2030, demonstrating long-term commitment to the location. The renewal underscores the tenant’s confidence in the property and reduces near-term rollover risk.
Prime Location
The property is strategically positioned just one-half mile from the Collins Road arterial, one of Cedar Rapids’ primary retail corridors. With prominent signage, the location offers excellent visibility off of Old Marion Road and seamless access via one curb cut.
Affluent Customer Base
Directly adjacent to the exclusive Elmcrest Country Club, Noelridge Centre benefits from a steady stream of affluent local traffic. This proximity supports strong spending power and repeat visits from nearby residents and club members. The surrounding demographics enhance long-term tenant viability and overall asset value.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
1 412 m²
Classe d’immeuble
B
Année de construction
2003
Prix
2 240 801 €
Prix par m²
1 586,83 €
Taux de capitalisation
8 %
RNE
179 264 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,20
Surface du lot
0,71 ha
Zonage
C-2
Stationnement
59 places (41,78 places par 1 000 m² loué)
Caractéristiques
- Système de sécurité
1 1
Assez praticable à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Principaux commerces à proximité
Taxes foncières
| N° de parcelle | Évaluation des aménagements | 1 681 291 € | |
| Évaluation du terrain | 279 689 € | Évaluation totale | 1 960 980 € |
Taxes foncières
N° de parcelle
Évaluation du terrain
279 689 €
Évaluation des aménagements
1 681 291 €
Évaluation totale
1 960 980 €
1 sur 14
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Noelridge Centre | 1060 NE Old Marion Rd
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