Properties

PROPERTY DETAILS
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.

Property Type : Commercial Sale
Listing ID : 2406071
Listing Type : For Sale
Price : $2,415,479
Year Built : 2023
Lot Area : 1.37 Acre
Building Area Total : 5500
Lease Amount Unit : Dollars Per Square Foot
Property Type : Retail
Area : OT-W (West of I-380)
Listing Status : Active
Property Sub Type : Retail
Roof : See Remarks
Property Subtype : Retail
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.

Features
: See Remarks
: Public Sewer
: See Remarks
Address Map
US
IA
Linn
Cedar Rapids
52404
Westdale
4515
Parkway
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.
OT-W (West of I-380)
SW
S-MR
More Information
Cushman & Wakefield Iowa Commercial Advisors
Ryan Fitzpatrick
$0
$0
$0
Additional Information
Restaurant
: See Remarks
See Remarks
59677
2024-08-26
https://www.propertypanorama.com/instaview/cdr/2406071
: Public
Financial
21714.0
Listing Information
Parker Ridge
RIDGEPARKER121
CCWICA
Cushman & Wakefield Iowa Commercial Advisors
FITZPATRICKR121
CCWICA
Cash
Active
2024-09-30T15:19:22Z
CDR
2024-09-03T10:36:00Z

4515 Westdale Parkway Sw, Cedar Rapids, Iowa 52404

4515 Westdale Parkway Sw, Cedar Rapids, Iowa 52404

  • Lot Area: 1.37 Acre
List Price: $2,415,479.00
Listing ID#2406071
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Q4 Agents

JASON ROGERS

Broker

1950 Boyson Road Hiawatha, Iowa 52233

Contact Jason Rogers:

319-361-3958 jrogers@Q4realestate.com

CRAIG BYERS

Realtor, CCIM

1950 Boyson Road Hiawatha, Iowa 52233

Contact Craig Byers:

319-360-7017 cbyers@Q4realestate.com

AUSTIN GEASLAND

Realtor

1950 Boyson Road Hiawatha, Iowa 52233

Contact Austin Geasland:

319-893-3279 ageasland@Q4realestate.com

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