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Byrider Automotive Property NNN Investment Iowa

Byrider | Cedar Rapids, IA
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Investment Offering

Tenant: Byrider | Cedar Rapids, IA
Premises: 12,665 SF
Renewal Options: 3 x 5 Years

Lease Expiration: 10 Years From Close of Escrow
Lease Type: NNN
Rental Increases: 2% Annually


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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Tenant Overview

Byrider, one of America’s largest buy-here-pay-here used car dealership and franchise systems, has sold more than 1.33 million cars at more than 140 locations across the country. Founded in 1989 as J.D. Byrider, the company recently rebranded and changed its name to Byrider. As part of its commitment to customer service, Byrider offers high-quality autos, trucks, and SUVs with on-site financing and features warranties and optional service plans with each vehicle sold. Each Byrider store features a state-of-the-art service department offering low-cost maintenance. Consumers who have been turned down for traditional bank financing are often able to “Buy, Finance and Drive On” with Byrider at www.byrider.com.
For the past 30 years, the Byrider convention has provided an opportunity for franchisees, suppliers and corporate leaders to join together from across the country for comradery and to acknowledge the significant achievements of individuals who have contributed to the company’s success and celebrate historic milestones. We have helped more than one million customers secure financing, get into reliable vehicles and keep life moving forward.

Area Overview

Byrider | Cedar Rapids, IA

3837 1st Avenue SE - Cedar Rapids, IA 52402

Contact Broker for Details

Status: Sold

Byrider | Cedar Rapids, IA

Gary W. Berwick, CCIM

980.729.5648
gary@SIGnnn.com

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$8 BILLION IN SALES

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We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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