Energy Park

Highlights

• STRONG PERSONAL GUARANTEE - The Anchor Tenant, Fit Courts, is backed by a HIGH Net Worth Personal Guarantee.
• 100% OCCUPANCY - The center has has had no vacancies recently and remains 100% occupied the last 3 years.
• NEWER CONSTRUCTION - Newly constructed site in 2018 providing a new owner peace of mind.
• 15,750 KW SOLAR SYSTEM - The property has an owner owned 15,750 KW solar system which helps to keep utilities
• EXCELLENT REAL ESTATE - With improved access due to new road and roundabouts constructed by the City, this property is located less than 5 minutes from University of Northern Iowa (9,000 Students) and surrounded by over 70 Nationally known tenants such as Ross, Walmart, HomeGoods, Hobby Lobby, McDonald's, Raising Cane's, IHOP, Culver's, and many more.
• MAJOR DISTRIBUTION CENTERS - Built in 2002, Target's 1.35 million-sq.-ft facility is located only 1.5 miles away from the subject property and home to over 900 employees. The John Deer Product Engineering Center is located roughly 3 miles away with another 1,600+ employees.
• NNN LEASES - All Tenants are on NNN Leases allowing for all of the expenses to be reimbursed. Ideal for Investors not Local to the Market or looking for a "hands off" investment.
• E-COMMERCE PROOF TENANTS - All Tenants in the shopping center are e-commerce proof, allowing a potential owner to be unconcerned by Amazon and other online retailers.

Description

Prime Net lease is pleased to present a 55,901 square foot Shopping Center in Cedar Falls, Iowa. The property has remained 100% occupied over the last 3 years, a testament to its excellent location just off Highway 58. The center takes advantage of 14,600 vehicles per day from Avenue of the Saints, 7,200 from West Viking Road and 7,500 from Hudson Road. The center is home to 6 tenants, most of which have been located at the center for over four years.

The property is situated in the heart of Cedar Falls only 2.5 Miles from University of Northern Iowa (9,000 Students) and surrounded by Nationally known tenants such as ALDI, Ashley Homestore, Walmart, Ulta, Starbucks, McDonald's, Panera Bread, and Taco Bell to name a few. In addition to recent city improvement of new roads and roundabouts in the direct vicinity of the property, the area boasts excellent demographics with close to 27,000 residents within a 3-mile radius. The property is located 1.5 miles away from a Target Distribution center, which is home to over 900 employees. The John Deer Product Engineering Center is roughly 3 miles away and has more than 1,600 employees from over 15 countries working together. In addition, there are several hotels in the nearby area including the Holiday Inn Express, Hilton Garden Inn, Comfort Suites and Super 8 by Wyndham.

The City of Cedar Falls is located in Black Hawk County, in the State of Iowa. Originally named “Sturgis Falls” after its first settler, William Sturgis, it was later renamed after the river that flows through the city.

Cedar Falls is home to the University of Northern Iowa, one of Iowa’s three state universities. In addition to programming provided by the City’s Hearst Center for the Arts, the Parks and Recreation Divisions, and the outstanding education provided by the Cedar Falls Schools, the University of Northern Iowa provides additional opportunities for academic, cultural, and athletic activities.

The Cedar Valley includes a diverse group of businesses which include; food processing, logistics, manufacturing, information solutions, and agri-based biotechnology. John Deere, located in Waterloo, is one of the most important sectors providing over 5,000 jobs that range from line workers to office jobs and more. Other
large providers of employment include Tyson Foods, MercyOne, UnityPoint Health, the University of Northern Iowa, Target distribution, Bertch Cabinetry, and The Waterloo Community School District. The Cedar Valley is constantly growing and diversifying its offerings to attract new businesses to the area.

The Cedar Valley located in Northeast Iowa is home to around 250,000 Iowans. Just shy of 100 miles, the Cedar Valley includes 6 different counties. The quality of life in the Cedar Valley is strengthened by a substantial amount of bicycle trails, 130+ miles of recreational trails, golf courses, countless municipal and state parks, sports complexes, numerous museums, and performing arts centers.

Home to the University of Northern Iowa, one of Iowa’s three state universities, a 4-year private college, a community college, and advanced public and private Pre-K and K-12 schools. The Cedar Valley is a prospering area for fine arts and diverse culture. The area is home to, Waterloo Center of Arts, Cedar Valley Arboretum & Botanic Gardens, and Hearst Center for the Arts.

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