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4515 Westdale Pkwy SW Cedar Rapids, IA

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For Sale
$2,415,479

Stand-alone NNN Boulder Tap House built in 2023 for sale.

Property size:
5,500 SF
Lot size:
1.37 Acres

Property Features for 4515 Westdale Pkwy SW

General Information

Size
5,500 SF
Lot size
1.37 Acres

Source: Cushman & Wakefield Agent Ryan Fitzpatrick

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stand-Alone NNN Boulder Tap House

An investment opportunity exists to acquire a stand-alone NNN Boulder Tap House, constructed in 2023, with 9.5 years remaining on the lease. The lease includes four 5-year renewal options, each with a 10% increase. The property is strategically located on Edgewood Road in Westdale, offering convenient access to Highway 30 and Interstate I-380. Westdale, originally built in 1979 as a 900,000 square foot traditional two-story enclosed shopping mall, underwent a transformative redevelopment in 2014. Now spanning 40 acres, it features five major big box retail buildings and numerous development pads. The center is currently 100% occupied and includes tenants such as PetSmart, Ross Dress for Less, Michael’s, Burlington, JCPenney, and GSA (VA Clinic), drawing from local, regional, and national markets. The property is 5,500 square feet and suitable for bars, restaurants, retail, and specialty purposes.
Location Intelligence

Current Use by Public Records

Bars

Similar Places Nearby

Starbucks

Map

City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.6590662
Latitude
41.97464

FAQs

What type of property is this?
Bar - Stand-alone NNN Boulder Tap House built in 2023 for sale.
Where is this bar located?
The property is located at 4515 Westdale Pkwy SW Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $2,415,479.
What are key features of this property?
This property features: - Stand-alone NNN Boulder Tap House built in 2023 offering a stable income stream with 9.5 years remaining on the lease.; - Lease includes four 5-year renewal options, each with a 10% rent increase, ensuring increasing returns.; - Located in Westdale, a redeveloped and vibrant 40-acre commercial hub.
More about this property
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