Commercial For Sale
5,500 Sqft - Westdale, Cedar Rapids, Iowa 52404
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Description

An excellent opportunity to purchase a stand-alone NNN Boulder Tap House built in 2023 with 9.5 years remaining. The lease has four 5-year renewals with 10% increases for every option.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 and I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Built in 1979, Westdale was originally comprised of a 900,000 SF traditional two-story enclosed Shopping Mall. In 2014, the mall went through a transformative redevelopment. Now boasting five major big box retail buildings & numerous development pads across 40 acres, Westdale is a vibrant hub of commerce & community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) and more, currently 100% occupied, drawing from local, regional, and national markets.

Property Description

An excellent opportunity to purchase a stand-alone NNN Boulder Tap House built in 2023 with 9.5 years remaining. The lease has four 5-year renewals with 10% increases for every option.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 and I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Built in 1979, Westdale was originally comprised of a 900,000 SF traditional two-story enclosed Shopping Mall. In 2014, the mall went through a transformative redevelopment. Now boasting five major big box retail buildings & numerous development pads across 40 acres, Westdale is a vibrant hub of commerce & community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) and more, currently 100% occupied, drawing from local, regional, and national markets.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
2406071
Price:
$2,415,479
Square Feet:
5,500 Sqft
Lot Size:
1.37 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52404
Status Category:
Active
Features
Cooling System:
Central Air
Roof:
See Remarks
Construction:
See Remarks
Address Map
Street Number:
4515
Street:
Westdale
Street Suffix:
Parkway
Floor Number:
0
Longitude:
W92° 16' 42.5''
Latitude:
N41° 56' 59.9''
More Information
Office Name:
Cushman & Wakefield Iowa Commercial Advisors
Agent Name:
Ryan Fitzpatrick
Virtual Tour2:
Click here
Directions:
From Hwy 30 take Exit 250 toward Edgewood Rd. Turn right onto Edgewood RD SW. Turn left toward Westdale Pkwy. Turn right onto Westdale Pkwy SW.
Zoning:
S-MR
Lot Dimensions:
59677
LA1Agent Logon Name:
FITZPATRICKR121
LA1Agent First Name:
Ryan
LA1Agent Last Name:
Fitzpatrick
LO1Main Office ID:
CCWICA
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Ryan Fitzpatrick
Cushman & Wakefield Iowa Commercial Advisors
Additional Details
Central Air
See Remarks
08/26/2024
From Hwy 30 take Exit 250 toward Edgewood Rd. Turn right onto Edgewood RD SW. Turn left toward Westdale Pkwy. Turn right onto Westdale Pkwy SW.
59677
Urban Acres Real Estate