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.

Features
: See Remarks
: See Remarks
: See Remarks
: Storage
: Public Sewer
: See Remarks
: Display Window(s)
Address Map
IA
Linn
Cedar Rapids
52404
Westdale
3475
Drive
W92° 16' 50.6''
N41° 57' 2.8''
From Hwy 30 take exit 250 toward Edgewood Rd. Turn right on to Edgewood Rd SW. Turn left onto 29th Ave SW. Turn right toward Westdale Pkwy SW. Turn left onto Westdale Pkwy SW. Turn right to Westdale Dr.
OT-W (West of I-380)
SW
S-MR
MLS Addon
Cushman & Wakefield Iowa Commercial Advisors
Ryan Fitzpatrick
$0
$0
$0
$0
$0
Additional Information
: See Remarks
See Remarks
60113
2024-08-26
https://www.propertypanorama.com/instaview/cdr/2406085
: Public
Financial
137320.0
Listing Information
Parker Ridge
RIDGEPARKER121
CCWICA
Cushman & Wakefield Iowa Commercial Advisors
FITZPATRICKR121
CCWICA
Cash
Active
2024-12-04T21:55:07Z
CDR
2024-12-04T15:54:59Z

3475 Westdale Drive Sw, Cedar Rapids, Iowa 52404 - Commercial Sale For Sale

3475 Westdale Drive Sw, Cedar Rapids, Iowa 52404

40,400
$6,595,555
Listing ID #2406085
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 2406085
Price : $6,595,555
Square Footage : 40,400
Year Built : 2016
Lot Area : 3.24 Acre
Status : Active
Property Sub Type : Retail
Roof : See Remarks
Agent info
Twenty40 Real Estate + Development
2496 Roycroft Alley
Contact Agent