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Edgewood Town Centre Lot 8 5235 Buffalo Ridge Dr 1,553 SF of Retail Space Available in Cedar Rapids, IA 52411
HIGHLIGHTS
- Great location with close proximity to Highway 100/Collins Road extension.
- First generation space between two well known businesses
- In a rapidly expanding area with lots of residential and commercial developments nearby.
- Tenants including Dollar Tree and Fleet Farm are located in neighboring lot.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 110 | 1,553 SF | Negotiable | $17.85 CAD/SF/YR $1.49 CAD/SF/MO $27,720 CAD/YR $2,310 CAD/MO | Triple Net (NNN) |
1st Floor, Ste 110
Edgewood Town Centre (ETC) development features a high-end multi-tenant building located at the lighted intersection of Edgewood Road NE, off Blairs Ferry Road with easy access to I-380 and Highway 100/Collins Road extension. This first-generation suite occupies a prestigious position between two well-known businesses, X-Golf and RE/MAX. Perfect for a variety of businesses including restaurant, chiropractor, salon/spa, medical clinic, business office, or retail shop. Anchored by a 200,000 SF Fleet Farm store and gas station, ETC benefits from its location in the northeast quadrant of Cedar Rapids having the highest household income in the metro area, characterized as a rapidly expanding residential and commercial sub-market. Base rent subject to annual increase.
- Lease rate does not include utilities, property expenses or building services
- Shell space between two well known businesses
- Easy access to Highway 100/Collins Road extension
- Location on high visibility active intersection
- Highest household income demographics
- Rapid expanding sub-market
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,553 SF | Gross Leasable Area | 15,240 SF |
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Storefront |
| Total Space Available | 1,553 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 15,240 SF |
| Year Built | 2019 |
ABOUT THE PROPERTY
Edgewood Town Centre (ETC) development features a high-end multi-tenant building located at the lighted intersection of Edgewood Road NE, off Blairs Ferry Road with easy access to I-380 and Highway 100/Collins Road extension. This first-generation suite occupies a prestigious position between two well-known businesses, X-Golf and RE/MAX. Perfect for a variety of businesses including restaurant, chiropractor, salon/spa, medical clinic, business office, or retail shop. Anchored by a 200,000 SF Fleet Farm store and gas station, ETC benefits from its location in the northeast quadrant of Cedar Rapids having the highest household income in the metro area, characterized as a rapidly expanding residential and commercial sub-market. Base rent subject to annual increase.
- Freeway Visibility
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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Edgewood Town Centre Lot 8 | 5235 Buffalo Ridge Dr
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