3475 Westdale Dr SW - Storefront FOR SALE


Cedar Rapids, IA 52404
$6,595,555 USD
319-229-1003
3475 Westdale Dr SW, Cedar Rapids, IA for Sale
$6,595,555 USD
Storefront - FOR SALE
1/6
null | 6.75% Cap Rate

3475 Westdale Dr SW
Cedar Rapids, IA 52404


OVERVIEW

Cushman & Wakefield Iowa Commercial Advisors is pleased to offer to investors an excellent opportunity to purchase a stand-alone NNN Burlington Coat Factory. Originally a 15-year lease, with 6.5 years remaining, and a rental increase in 3 years of 10%. Westdale is strategically located on Edgewood Road with seamless access from Highway 30 and Interstate 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) and more, the center is currently 100% occupied, drawing from local, regional, and national markets.

FOR SALE DETAILS

PRICE

$6,595,555 USD

PRICE/SF

$162 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

S-MR

APN/PARCEL ID

133647602000000

ASK ABOUT THIS PROPERTY

Ryan FitzpatrickCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

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Ryan FitzpatrickCushman & Wakefield | Iowa Commercial AdvisorsMore Info
319-229-1003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.