Kirkwood Courtyard | 5-Tenant Retail Center 6600 Kirkwood Blvd SW

9,517 SF 100% Leased Retail Building Cedar Rapids, IA 52404 $2,986,864 ($314/SF) 7% Cap Rate

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
9,517 SF
Building Class
C
Year Built
2017
Price
$2,986,864
Price Per SF
$314
Cap Rate
7%
NOI
$209,081
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.80 AC
Zoning
T-MC

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signalized Intersection
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -

They're simple. They're fresh. They're fast. The Jimmy John’s concept has remained largely unchanged since 1983, and today, they're one of America’s fastest-growing restaurant brands. Most importantly, people love their food – rooted in innovation with bold and unexpected sandwich experiences to keep them coming back for more! They've sold franchise units, and they have lots of room to grow their brand.

  • Scooter's Coffee
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Triple Net -
Scooter's Coffee Accommodation and Food Services - - Triple Net -

NEARBY MAJOR RETAILERS

Scooter's Coffeehouse
Milio's Sandwiches
Panchero's Mexican Grill

PROPERTY TAXES

  • Listing ID: 34820139

  • Date on Market: 2/13/2025

  • Last Updated:

  • Address: 6600 Kirkwood Blvd SW, Cedar Rapids, IA 52404