Byrider | Cedar Rapids, IA
Sands Investment Group is Pleased to Present Exclusively For Sale the 12,665 SF Byrider Automotive Property Located at 3827 1st Avenue SE in Cedar Rapids, Iowa. Byrider – Cedar Rapids is a Top 25 Performing Store in the Country and a Repeat Recipient of the Presidents Award, Given to the Top Performing Byrider Locations Every Year. Situated in the High Growth and High-Income Level Cedar Rapids Market. With a Brand New 10 Year Lease, 2% Annual Increases and a Strong Guaranteeing Entity. This Opportunity Provides For a Best-of-Class Investment With Income Growth of an Established Tenant in the Desirable Cedar Rapids, Iowa Market.
- Tenant Has a 13+ Year Operating History at This Location
- Strong 2% Annual Increases Act As a Great Inflation Hedge
- Byrider is America’s Largest Buy-Here Pay-Here Network, Having Sold Over 1.2 Million Cars at More Than 140 Locations Around the Country
- Byrider is the Only Buy-Here Pay-Here, Used Car and Financing Franchised-Dealership Operation in the United States
- This Store is a Top 25 Performing Store Out of Over 140 Locations
- The U.S. Car Industry Has Seen Record Profits, With Consistent Year Over Year Volume
- Around the Corner From the Current Development of the New 104-Unit Multi-Family and Multi-Tenant Retail Project at 4001 1st Avenue SE
- Located in the Prime Dealership and Retail Corridor Within Cedar Rapids and Sees Over 27,251 VPD
- Strong Demographics With a 5-Mile Population of 151,742 People Making an Average Income of $81,707
- Strong Retail Synergies With Nearby Tenants Including: Home Depot, FedEx, Dick’s Sporting Goods, Chipotle, Midas and More
In Cooperation With Sands Investment Group Iowa, Inc – Lic. # F06091000 BoR: Andrew Ackerman- IA Lic. # B67615000
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