4515 Westdale Parkway SW, Cedar Rapids, IA 52404
MLS Number: 2406071 |
Subtype: Commercial | Area: OT-W (West of I-380)
$
2,415,479
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
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County: Linn
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Lot Size: 59677
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Acres: 1.3700
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Year Built: 2023
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Zoning: S-MR
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Gross tax: $21,714.00
Building
Total Building SF: 5,500
Ceiling Height: See Remarks
Utilities
Utilities: See Remarks
Heating/Cooling: , Central Air
Power Available: See Remarks
Water Source: City Water
Sewer: City Sewer
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