4515 Westdale Pkwy SW - Restaurant FOR SALE


Cedar Rapids, IA 52404
$2,415,479 USD
319-229-1003
4515 Westdale Pkwy SW, Cedar Rapids, IA for Sale
$2,415,479 USD
Restaurant - FOR SALE
1/7
null | 7.3% Cap Rate

4515 Westdale Pkwy 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 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 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

$2,415,479 USD

PRICE/SF

$439 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boulder Tap House

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

S-MR

APN/PARCEL ID

13364-76045-00000

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.