6201 16th Avenue Sw #2.9 Ac, Cedar Rapids, IA 52404

Fully leased and recently improved industrial investment opportunity with a national credit Tenant, United Rentals. Lease is secured under a NNN structure with annual base rent increases. This industrial outdoor storage opportunity is 2.9 acres and features a paved concrete lot, new 6’ high fencing with a 30’ powered gate with keypad entry, and new LED lighting. The current offering provides investors with a 7.0% CAP rate. The adjacent land to the west is also for sale, with an opportunity for a Buyer to secure an additional 7.97-11.01 acres of industrial zoned ground. Buyer to be responsible for unamortized cost of improvements at the time of closing. Contact the listing agent for additional details.