255 Collins Road Road NE - 255 Collins Road Road NE, Cedar Rapids, IA 52402

• PRIME LOCATION – JOANN and the dark Hy-Vee 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 Northland Avenue NE or Lindale Drive NE.. • BUSTLING SURROUNDING COMMERCIAL AREA – Within three (3) miles of the property there are over 13.82 million square feet of commercial space consisting of over 6.67 million square feet of retail space, 4.24 million square feet of industrial space and 2.90 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 – JOANN ranks in the top 75th percentile of all JOANN locations within Iowa based on the number of visits according to Placer.ai. Additionally, the Collins Rd NE Corridor is 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, Dick’s Sporting Goods and Best Buy all rank within the top 80% amongst their respective chains during the same timeframe.. • DENSELY POPULATED AREA – Cedar Rapids is located within Linn County and is the second (2nd) most populous city in the state. Within five (5) miles of the property, the population of over 136,800 and over 57,600 households are up 9.52% and 11.27% since 2010, respectively. Both numbers are projected to continue to rise through 2027.. • RENTAL INCREASE IN OPTION TERM – JOANN currently operates on a double-net (NN) lease with just under five (5) years remaining on their lease. JOANN’s lease features one (1) remaining five (5) year option with an 8.33% rental increase.