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303-367 Collins Rd
Cedar Rapids, IA 52402

Northland Square | Cedar Rapids, IA · Retail Property For Sale

Storefront Properties Iowa Cedar Rapids 303-367 Collins Rd, Cedar Rapids, IA 52402

INVESTMENT HIGHLIGHTS

  • Northland Square is a 106,500-Square-Foot TJ Maxx Anchored Shopping Center, 100% Occupied by National Tenants
  • Excellent Accessibility and Visibility; High-Traffic Location Along One of the Region’s Primary Thoroughfares
  • Over 137,000 People Reside in the City of Cedar Rapids and Over 276,000 People are within the Cedar Rapids MSA
  • Stable and Secure Investment with Long-Term Historical Occupancy: 94% of the occupied square footage has been at the property for 9 years or more
  • Located Across the Street from Cedar Rapids' Largest Employer, Collins Aerospace (8,000+ Employees)
  • Home to nearly 300 manufacturing plants, and two dozen Fortune 500 companies, including Nordstrom, General Mills, Quaker Oats, and Collins Aerospace

EXECUTIVE SUMMARY

TJ Maxx Anchored Retail Center | 100% National Tenants | Ranked Top 15% of All Shopping Centers in Iowa (Placer.ai)

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
106,500 SF
Building Class
C
Year Built/Renovated
1984/2020
Price
$27,389,476 CAD
Price Per SF
$257 CAD
Cap Rate
8%
NOI
$2,191,057 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
9.98 AC
Parking
495 Spaces (4.64 Spaces per 1,000 SF Leased)
Frontage
1,141 ft on Collins NE Rd

AMENITIES

  • Signage
  • Air Conditioning

LINKS

PROPERTY TAXES

Parcel Number 14023-01009-00000 Improvements Assessment $8,383,976 CAD
Land Assessment $1,756,968 CAD Total Assessment $10,140,944 CAD

PROPERTY TAXES

Parcel Number
14023-01009-00000
Land Assessment
$1,756,968 CAD
Improvements Assessment
$8,383,976 CAD
Total Assessment
$10,140,944 CAD
 

  • Listing ID: 32973294

  • Date on Market: 2024-08-27

  • Last Updated:

  • Address: 303-367 Collins Rd, Cedar Rapids, IA 52402

The Retail Property at 303-367 Collins Rd, Cedar Rapids, IA 52402 is currently available for sale. Contact Hanley Investment Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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