Josh Seamans 3192291003
Gabe Golberg 3192291003

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.

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

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

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
2nd St	27th Ave, SE	7,681	2022	0.12 mi
Coral Ridge Ave	27th Ave, N	17,718	2022	0.13 mi
2nd St	Coral Ridge Mall, SE	18,903	2022	0.16 mi
IA 965	Coral Ridge Mall, N	10,436	2020	0.25 mi
27th Ave	Coral Ridge Mall, N	13,797	2022	0.25 mi
Coral Ridge Ave	27th Ave, SW	26,215	2022	0.32 mi
US 6	25th Ave, SE	7,170	2020	0.33 mi
2nd St	25th Ave, SE	18,106	2022	0.33 mi
Coral Ridge Mall	27th Ave, W	7,310	2022	0.34 mi
I 80 E TO IA 965 N	Coral Ridge Mall, E	3,411	2020	0.35 mi