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.
In Cooperation With Sands Investment Group Iowa, Inc – Lic. # F06091000 BoR: Andrew Ackerman- IA Lic. # B67615000
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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.