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3475 Westdale Drive SW

Cedar Rapids, IA 52404
  • $6,595,555
  • STATUS: Active
  • ON SITE: 63 Days
  • MLS #: 2406085
UPDATED: 180 min ago
$6,595,555
  • 0
    BEDS
  • 3.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 40,400
    SQFT
  • $163
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2016
County:

School Ratings & Info

Description

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.

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© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2024-11-05T23:42:49.333.
www.realtybrotherscr.com/homes/154597898
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3475 Westdale Drive SW Cedar Rapids, IA 52404

  • Price: $6,595,555
  • Status: Active
  • On Site: 63 Days
  • Updated: 180 min ago
  • MLS #: 2406085
0
Beds
0
Baths
0
½ Baths
3.24
Acres
40,400
SQFT
$163
$/SQFT
2016
Built
Neighborhood:
OT-W (West Of I-380)
County:
Linn
Area:
OT-W (West Of I-380)
Property Description
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.
Exterior Features

Construction Materials See Remarks Roof See Remarks

Interior Features

Basement YN No Cooling See Remarks Flooring See Remarks Heating See Remarks Interior Features Storage Window Features Display Window(s)

Property Features

Building Features Single- Tenant See Remarks Electric See Remarks Inclusions Building Lease Considered YN No Listing Terms Cash Owner Pays See Remarks Property Sub Type Retail Property Sub Type Additional Retail Sewer Public Sewer Tax Annual Amount 137320 Tenant Pays See Remarks Utilities See Remarks Water Source Public Zoning S- MR Zoning Description S- MR

Listing information © 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Ryan Fitzpatrick of Cushman & Wakefield Iowa Commercial Advisors: 319-229-1003.
© 2024 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2024-11-05T23:42:49.333.
 
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Rosekrans Stines Team | RE/MAX Concepts
5235 Buffalo Ridge Dr
Cedar Rapids IA, 52411