157 and 159 Collins Rd. NE - 157 and 159 Collins Rd. NE, Cedar Rapids, IA 52402

• PRIME LOCATION – Jared and Five Guys are located along Iowa Highway 100/Collins Road NE, a main thoroughfare in the active retail corridor boasting 34,000 VPD. The property can be easily accessed via two signalized intersections with Twixt Town Road and Lindale Dr NE.. • NNN GROUND LEASES WITH RENTAL INCREASES – Both Jared and Five Guys operate on triple net (NNN) ground leases, allowing for a hands-free, passive form of ownership. Additionally, both leases feature ten percent (10%) rental increases every five (5) years in their options.. • BUSTLING SURROUNDING COMMERCIAL AREA – Within three (3) miles of the property there are over 14 million square feet of commercial space consisting of over 7 million square feet of retail space, 4 million square feet of industrial space and 3 million square feet of office space, further exemplifying this corridor as a central location for all commercial property types.. • STRONG PLACER.AI PERFORMING COLLINS ROAD NE CORRIDOR – Many of the retailers surrounding Jared and Five Guys are some of the top performing locations within their chain, demonstrating Collins Rd NE corridor as one of the strongest in the state of Iowa. Over the last two (2) years, Red Lobster, Olive Garden, Perkins Bakery and Panda Express have all ranked within the top 92% of their respective chains. Moreover, the adjacent Kohl’s, Dicks Sporting Goods and Best Buy all rank within the top 80% amongst their respective chains during the same timeframe. Additionally, JOANN ranks in the top 75th percentile of all JOANN locations within Iowa based on the number of visits According to Placer.ai.. • DENSELY POPULATED AREA – Cedar Rapids is the second (2nd) most populous city in the state. Within five (5) miles of the property, the population of over 137,100 and over 57,900 households are up 9.81% and 11.90% since 2010, respectively. Both numbers are projected to continue to rise through 2027.