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6200 University Ave 6,580 SF Retail Building Cedar Falls, IA 50613 $1,393,147 CAD ($211.72 CAD/SF) 6.35% Cap Rate
Investment Highlights
- NNN lease structure with tenant responsible for roof, parking lot, HVAC, taxes, insurance, and maintenance
- Located within Cedar Falls' dominant retail corridor anchored by major national retailers
- Major intersection location with combined traffic count of 42,000 cars per day
- Brand new renewal exercised in April 2026 bringing remaining lease term to slightly more than 5 years
- Within 2 miles of University of Northern Iowa with approximately 10,000 students
- Advance Auto Parts operates more than 4,000 locations across North America
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,580 SF
Building Class
C
Year Built
1969
Price
$1,393,147 CAD
Price Per SF
$211.72 CAD
Cap Rate
6.35%
NOI
$88,465 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.43 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8913-18-355-005 | Improvements Assessment | $759,273 CAD |
| Land Assessment | $524,753 CAD | Total Assessment | $1,284,026 CAD |
Property Taxes
Parcel Number
8913-18-355-005
Land Assessment
$524,753 CAD
Improvements Assessment
$759,273 CAD
Total Assessment
$1,284,026 CAD
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6200 University Ave
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