6600 Kirkwood Blvd SW - Storefront FOR SALE


Cedar Rapids, IA 52404- Lincolnway Village
$2,986,864 USD
952-852-9767
6600 Kirkwood Blvd SW, Cedar Rapids, IA for Sale
$2,986,864 USD
Storefront - FOR SALE
1/9
null | 7% Cap Rate

6600 Kirkwood Blvd SW
Cedar Rapids, IA 52404
Lincolnway Village


HIGHLIGHTS

  • 100% OCCUPIED RETAIL CENTER - Rare opportunity to own a fully leased property in a thriving market.
  • ESTABLISHED TENANTS - Reputable national brands like Scooter’s Coffee help drive foot traffic and enhance property appeal.
  • PRIME LOCATION - Directly across from Kirkwood Community College, ensuring a steady flow of students and faculty.
  • ECONOMIC GROWTH IN CEDAR RAPIDS - Cedar Rapids is seeing major development, including a 750M+ data center project that will boost local demand.
  • LOW VACANCY RATES - Cedar Rapids’ industrial market has only a 1.25% vacancy rate, supporting strong property values and rental growth.

OVERVIEW

Located at 6600 Kirkwood Blvd SW in Cedar Rapids, Iowa, this fully leased, five-tenant retail strip center presents a prime investment opportunity. Strategically positioned across from Kirkwood Community College, the property benefits from high visibility and consistent foot traffic from students, faculty, and local residents. With a strong mix of national and regional tenants, including Jimmy John’s, Clean Laundry, and Scooter’s Coffee, the center provides stable rental income with long-term lease agreements in place. The modern construction and well-maintained infrastructure further enhance its appeal, offering an attractive and low-maintenance investment in a growing commercial corridor. The Cedar Rapids business environment is thriving, with a strong local economy supported by diverse industries such as manufacturing, healthcare, and technology. The property boasts a competitive 7% cap rate, making it a financially compelling option for investors seeking steady cash flow and long-term appreciation. Additionally, with annual rent increases built into tenant agreements and multiple lease extension options available, the property ensures sustained revenue growth. Its combination of a prime location, strong tenancy, and market growth potential makes this an exceptional investment in a thriving community.

FOR SALE DETAILS

PRICE

$2,986,864 USD

PRICE/SF

$314 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kirkwood Courtyard | 5-Tenant Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Fast Food, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

T-MC

APN/PARCEL ID

19161-77001-00000

ASK ABOUT THIS PROPERTY

Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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