Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
6200 University Avenue
Cedar Falls, IA 50613
Asking Price
$998K
Cap Rate
6.35%
Asset Type
Auto Shop Retail
Class
Class B
What's Special
NNN Advance Auto Parts Investment with 6.35% Cap Rate <p>• NNN Lease Structure – Tenant is responsible for the roof, parking lot, HVAC, taxes, insurance, and maintenance. Landlord's only obligation is the structure, providing a virtually passive ownership experience.</p><p>• Brand New Renewal – The original lease was signed in 1996, and the tenant has repeatedly chosen to extend or renew its lease rather than relocate. Most recently, they exercised another renewal in April 2026, bringing the remaining lease term to slightly more than 5 years.</p><p
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
8.01%
DSCR
1.35
Strong
Cash-on-Cash
6.92%
Monthly Payment
$4,938.687
Annual Cash Flow
$20,735.75
