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Edgewood Center 2360 Edgewood Rd SW

12,461 SF 100% Leased 4-Star Retail Building Cedar Rapids, IA 52404 $3,800,000 ($305/SF) 7.31% Cap Rate

Storefront Properties Iowa Cedar Rapids 2360 Edgewood Rd SW, Cedar Rapids, IA 52404

Investment Highlights

  • Excellent visibility and access.
  • Daily traffic counts of nearly 20,000 vehicles.

Executive Summary

Current NOI is projected to be $277,640 in 2025. Fully leased Class "A" retail strip center for sale on outlot of Westdale Town Center. Tenants include Napoli's Italian Restaurant, WingStop, Great Clips, Metro Infusion Center, Q Nail Spa, and Crab House Seafood Restaurant.

Attachments

2360 Edgewood Rd SW OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,461 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$3,800,000
Price Per SF
$305
Cap Rate
7.31%
NOI
$277,640
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Land Acres
1.58 AC
Zoning
SMRC - Suburban Mixed Use Regional Center
Frontage
297 FT on Westdale Parkway Southwes
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Nearby Major Retailers

Caribou Coffee
U.S. Bank
Applebee's
Carlos O'Kelly's
Texas Roadhouse
IHOP
Starbucks
Rent-A-Center
Scooter's Coffeehouse
Buffalo Wild Wings

PROPERTY TAXES

Parcel Number 13364-01019-00000 Improvements Assessment $1,689,200
Land Assessment $1,106,000 Total Assessment $2,795,200

PROPERTY TAXES

Parcel Number
13364-01019-00000
Land Assessment
$1,106,000
Improvements Assessment
$1,689,200
Total Assessment
$2,795,200
(319) 731-3415

  • Listing ID: 33951096

  • Date on Market: 11/21/2024

  • Last Updated:

  • Address: 2360 Edgewood Rd SW, Cedar Rapids, IA 52404

More public record information on 2360 Edgewood Rd SW, Cedar Rapids, IA 52404

The Retail Property at 2360 Edgewood Rd SW, Cedar Rapids, IA 52404 is currently available For Sale. Contact GLD Commercial Real Estate Advisors for more information.

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Edgewood Center | 2360 Edgewood Rd SW
(319) 731-3415 x

Edgewood Center | 2360 Edgewood Rd SW

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Adam Gibbs

(319) 731-3415

(319) 731-3415

Michael Gibbs

(319) 731-3417

(319) 731-3417

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