Hiawatha, IA 52233

Brakes Plus

Property Address

1850 Blairs Ferry Road Northeast, Hiawatha, IA, USA

Offering Summary

  • Price: $2,916,667
  • Lot Size: 0.95 Acres
  • Cap Rate: 6.00%
  • Year Built: 2023
  • Building SF: 4,600
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 5% Rental Increases Every Five Years with Multiple Renewal Options
  • Corporate Guaranty by Mavis Tire Express Services Corp., One of the Largest Independent Automotive Service Businesses in the United States with Over 2,000 Service Centers in 38 States
  • Brakes Plus Operates 169+ Locations Across 6 States
  • Situated in the Cedar Rapids MSA with 115,353 Residents in the Surrounding Area

Broker Information