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JACOBS CREEK w/ Drive-Thru 746 Coral Ridge Ave 6,900 SF 100% Leased Retail Building Coralville, IA 52241 $2,475,000 ($358.70/SF) 7.96% Cap Rate

INVESTMENT HIGHLIGHTS

  • Flexible building sizes available.
  • Drive-thru options available.

EXECUTIVE SUMMARY

Cushman & Wakefield Iowa Commercial Advisors is the exclusive advisor for the sale of Jacobs Creek, located at 744-746 Coral Ridge Ave Coralville, Iowa. This investment offering includes a fully leased single-story retail property with excess land for future development. The current tenants include Midwest Mattress & Abelardo's Mexican Fresh.
Advertised pricing of $2,475,000 is for leased building and parking. Excess land of approx. 0.96 AC can be purchased individually for $795,000 or as a package with the leased building and parking for $3,095,000.

ATTACHMENTS

Coralville_746 Coral Ridge Ave_OM

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,900 SF
Building Class
B
Construction Status
Proposed
Price
$2,475,000
Price Per SF
$358.70
Cap Rate
7.96%
NOI
$197,010
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.91 AC
Zoning
C-PUD 2 - Commercial
Parking
58 Spaces (8.41 Spaces per 1,000 SF Leased)
Frontage
296’ on Coral Ridge Avenue

AMENITIES

  • 24 Hour Access
  • Air Conditioning
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Bike Score®
Very Bikeable (70)
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NEARBY MAJOR RETAILERS

LongHorn Steakhouse
Red Lobster
Sarku Japan
Chili's Grill & Bar
Boston Pizza
Noodles & Company
Pancheros Mexican Grill
Huhot Mongolian Grill
Olive Garden
Steak ‘n Shake

PROPERTY TAXES

Parcel Number 0636388002 Improvements Assessment $836,400
Land Assessment $998,400 Total Assessment $1,834,800

PROPERTY TAXES

Parcel Number
0636388002
Land Assessment
$998,400
Improvements Assessment
$836,400
Total Assessment
$1,834,800
(319) 229-1003

CONTACTS

  • Listing ID: 15411403

  • Date on Market: 3/11/2019

  • Last Updated:

  • Address: 746 Coral Ridge Ave, Coralville, IA 52241

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Excess Land
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Excess Land

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JACOBS CREEK w/ Drive-Thru | 746 Coral Ridge Ave
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Josh Seamans

(319) 229-1003

(319) 229-1003

Gabe Golberg

(319) 229-1003

(319) 229-1003

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