3475 Westdale Drive SW Cedar Rapids, IA 52404
Leased stand-alone Burlington Coat Factory property with a remaining term and scheduled 10% rent increase.
- Added:
- Aug 27, 2025
- Days on Market:
- 319
- Last Refresh:
- Jul 8 at 3:25 am
Property Features for 3475 Westdale Drive SW
General Information
- Standard status
- Active
- Size
- 40,703 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2016
Listing office LEPIC-KROEGER, REALTORS (319) 899-3820
Listing date Aug 27, 2025
Source Pinnaclerealtyia
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of LEPIC-KROEGER, REALTORS
Investment Insights
Based on property information with market context.
The property is located at 3475 Westdale Drive SW in Cedar Rapids, Iowa (52404). It is presented as an NNN investment, with additional leasing and financial details available through the listing agents.
For investors seeking a single-tenant, long-term retail lease profile, this asset offers the stability of a remaining lease period under an NNN arrangement. Prospective buyers and tenant/broker groups can review the lease term and the upcoming 10% increase as part of underwriting and long-range planning. Contact the listing agents for further information and documents supporting the lease and rent schedule.
Key Highlights
- Leased stand‑alone Burlington Coat Factory property (NNN)
- Year built: 2016
- 1.38‑acre lot (lot dimensions listed as 60112)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $595.9k | $14.64 |
| − Vacancy | −$46.1k | −$1.13 |
| EGI | $549.8k | $13.51 |
| − OpEx | −$164.9k | −$4.05 |
| NOI | $384.9k | $9.46 |
