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615 1st Ave SE
Cedar Rapids, IA 52401 Downtown Cedar Rapids

$3,584,000 USD

Daycare Center For Sale  •  34,483 SF

Property Details

• Property Type Daycare Center
• Total Building Size 34,483 SF
• Lot Size 0.71 AC
• Building Class B
• Year Built 1970
• Cap Rate 6.75 %
• Tenancy Single

37 Transit Score

76 Walk Score

Highlights

Double Net Lease Through October 2032

10% Rent Increase in 2027

Corporate Guarantee From KinderCare, the Largest Childcare Provider with Over 1,400 Locations

Corner Location in Downtown Cedar Rapids with Courtyard Playground

Property Flyers

KinderCare_Cedar Rapids, IA OM

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
KinderCare

Public Transportation

Airport	Drive	Walk	Distance
The Eastern Iowa	16 min	-	9.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	19
Type:	Surface
Included in Rent:	Yes