3475 Westdale Drive SW, Cedar Rapids, IA 52404
MLS Number: 2406085 |
Subtype: Commercial | Area: OT-W (West of I-380)
$
6,595,555
To investors an excellent opportunity to purchase a stand-alone NNN Burlington. Originally a 15-year lease, with 6.5 years remaining, & a rental increase in 3 years of 10%.
Westdale is strategically located on Edgewood Rd with seamless access from Hwy 30 & 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) & more, 100% occupied, drawing from local, regional, & national markets.
Property
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County: Linn
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Lot Size: 60113
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Acres: 3.2400
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Year Built: 2016
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Zoning: S-MR
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Gross tax: $137,320.00
Building
Total Building SF: 40,400
Ceiling Height: See Remarks
Utilities
Utilities: See Remarks
Heating/Cooling: See Remarks Heat, See Remarks
Power Available: See Remarks
Water Source: City Water
Sewer: City Sewer
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