3825 Westdale Pkwy SW Cedar Rapids, IA

This stand-alone NNN PetSmart property, constructed in 2017, is located in Cedar Rapids, IA. The tenant has over 3 years remaining on their term and has waived their early termination right. The first 5-year option period includes a 12.5% increase in base rent, with subsequent 5-year options featuring 5% increases. The property is situated in Westdale, which is strategically positioned on Edgewood Road, offering convenient access to Highway 30 and Interstate I-380. Westdale, originally built in 1979 as a 900,000 square foot two-story enclosed shopping mall, underwent a transformative redevelopment in 2014. The redeveloped area spans 40 acres and features five major big box retail buildings along with numerous development pads. The center is currently 100% occupied and includes tenants such as PetSmart, Ross Dress for Less, Michael’s, Burlington, and JCPenney, drawing from local, regional, and national markets.