Westdale Mall Shops | Investment Opportunity
2460 Edgewood Rd SW Cedar Rapids, IA 52402
Price: $2,870,000
Status: Sold
Cap Rate: 6.75%
Year Built: 2016
NOI: $193,731
Lot Size: 1.84 acres
Price Per Foot: $380
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 5+ Years
GLA: 7546 sqft
Property Intro
Lee & Associates, in conjunction with Bang Realty, Inc (LIC# F06090000) is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase the Westdale Mall Shops, a multi-tenant retail strip center located at 2460 Edgewood Rd in Cedar Rapids, IA (the “Property”). The subject property was built in 2016 and consists of a 7,546-square-foot, 3 tenant retail building that sits on an
approximately 1.39-acre parcel. The east end of the property features a drive-thru lane for the Freddy’s space with Firehouse Subs
and Domino’s in the two other suites.