Commercial For Sale
40,400 Sqft - Westdale, Cedar Rapids, Iowa 52404
QR Code
Description

To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Originally 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 and numerous development pads across 40 acres, Westdale is a vibrant hub of commerce and community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) & more, 100% occupied, drawing from local, regional, & national markets.

Property Description

To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & I-380, giving investors the opportunity to purchase an infill shopping center in a growing and positive area of the Corridor.
Originally 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 and numerous development pads across 40 acres, Westdale is a vibrant hub of commerce and community. With a diverse tenant mix, including PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, GSA (VA Clinic) & more, 100% occupied, drawing from local, regional, & national markets.

Basic Details
Property Type:
Commercial
Listing Type:
For Sale
Listing ID:
2406085
Price:
$6,595,555
Square Feet:
40,400 Sqft
Lot Size:
3.24 Acre
Country:
US
State:
IA
County:
Linn
City:
Cedar Rapids
Zipcode:
52404
Status Category:
Active
Features
Heating:
See Remarks
Cooling System:
See Remarks
Roof:
See Remarks
Construction:
See Remarks
Interior:
Storage
Address Map
Street:
Westdale
Street Number:
3475
Street Suffix:
Drive
Floor Number:
0
Longitude:
W92° 16' 50.6''
Latitude:
N41° 57' 2.8''
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 on to Edgewood Rd SW. Turn left onto 29th Ave SW. Turn right toward Westdale Pkwy SW. Turn left onto Westdale Pkwy SW. Turn right to Westdale Dr.
Zoning:
S-MR
Lot Dimensions:
60113
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
See Remarks
See Remarks
Storage
08/26/2024
From Hwy 30 take exit 250 toward Edgewood Rd. Turn right on to Edgewood Rd SW. Turn left onto 29th Ave SW. Turn right toward Westdale Pkwy SW. Turn left onto Westdale Pkwy SW. Turn right to Westdale Dr.
60113
Urban Acres Real Estate