INVESTMENT OFFERING
SAB Capital is pleased to present Dyer Ave Retail Center in Marion, IA, located within the Cedar Rapids MSA. This 100% occupied retail center features a variety of service-oriented tenants, all signed to triple-net (NNN) leases. The property boasts strong location fundaments being located across the street from a high performing Walmart that sees 2.6M visitors per year and benefits form a signalized intersection that sees over 33,200 vehicles per day.
- Dyer Ave Retail Center in Marion, IA | Cedar Rapids MSA
- 100% Leased Retail/Office Strip Center | Strong Mix of Service Oriented Tenants
- Minimal Landlord Responsibilities | All Tenants Reimburse for NNN Expenses
- Proven Long-Term Tenants| Schween Chiropractic & Growthland Have Occupied the Site Since 2011 and 2014, Respectively
- Recent Lease Extensions | Schween Chiropractic, Meeks Construction, and Growthland all Recently Extended their Leases, Demonstrating their Commitment to the Site
- Shadow-Anchored by a High-Performing Walmart Supercenter
- Top 79th Percentile of Walmarts in Iowa
- Over 2.6 Million Annual Visitors
- Excellent Visibility & Access | 14,600+ Vehicles Per Day
- Proximity to National Retailers | Hy-Vee Grocery Store, ALDI, McDonald’s, Murphy USA, Dollar General, Culver’s, AutoZone, Jersey Mike’s, CVS, etc.
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
Dyer Ave Retail Center | $1,153,760 | 7.50% | NNN | 8,000 | Available |