3475 Westdale Dr SW | Cedar Rapids, IA 52404
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3475 Westdale Dr SW
Cedar Rapids, IA 52404
Burlington · Retail Property For Sale
Executive Summary
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
40,703 SF
Building Class
B
Year Built
2016
Price
$6,595,555
Price Per SF
$162
Cap Rate
6.75%
NOI
$445,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.68
Lot Size
1.38 AC
Zoning
S-MR - Suburban Mixed Use Regional Center
PROPERTY TAXES
| Parcel Number | 13364-76020-00000 | Improvements Assessment | $3,453,800 |
| Land Assessment | $552,000 | Total Assessment | $4,005,800 |
PROPERTY TAXES
Parcel Number
13364-76020-00000
Land Assessment
$552,000
Improvements Assessment
$3,453,800
Total Assessment
$4,005,800
Learn More About Investing in Retail Properties
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
