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    3825 Westdale Pkwy Cedar Rapids, IA 52404

    Sponsored
    For Sale
    $4,143,312

    Cedar Rapids, IA NNN Retail Investment

    Property size:
    18,401 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, 18,401-square-foot PetSmart shopping center in Cedar Rapids, Iowa. Located at 3825 Westdale Pkwy SW, this property boasts a strong 7.00% cap rate and a Net Net Net (NNN) lease structure, minimizing landlord responsibilities. The building, constructed in 2017 on a 0.49-acre lot, is situated within the vibrant Westdale shopping center, benefiting from high visibility and convenient access to major roadways, including Highway 30 and Interstate I-380. The current lease with PetSmart has a remaining term of approximately 2.8 years, extending to September 7, 2027, with favorable rent bump options: a 12.5% increase in the first option and subsequent 5.58% increases in following options. The property features a 100% occupancy rate, generating a Net Operating Income (NOI) of $290,031. The property's zoning is S-MR, and the parcel number is 13364-76045-00000. This is a rare opportunity to acquire a well-performing, single-tenant retail property in a thriving location with significant upside potential. The asking price is $4,143,312. The property is a one-story building, part of a larger redevelopment project. The Westdale shopping center includes other major retailers such as Ross Dress for Less, Michael's, Burlington, JCPenney, and a GSA (VA Clinic).

    Property Features for 3825 Westdale Pkwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    18,401 SF
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $4,143,312 asking price for a single‑tenant, NNN‑leased PetSmart shopping center.
    • 18,401 square feet on a 0.49‑acre lot in Cedar Rapids, IA.
    • 7.00% cap rate with a $290,031 NOI.
    • 100% occupancy with a lease expiring 09/07/2027 (2.8 years remaining).
    • Built in 2017, the property features a 1‑story building with S‑MR zoning.
    • Rent bumps include a 12.5% increase in the first option and 5.58% increases in subsequent options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.718746051971
    Latitude
    41.949858448699

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    FAQs

    What type of property is this?
    Lifestyle center - Cedar Rapids, IA NNN Retail Investment
    Where is this lifestyle center located?
    The property is located at 3825 Westdale Pkwy Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $4,143,312.
    What are key features of this property?
    This property features: $4,143,312 asking price for a single-tenant, NNN-leased PetSmart shopping center.; 18,401 square feet on a 0.49-acre lot in Cedar Rapids, IA.; 7.00% cap rate with a $290,031 NOI.
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    3825 Westdale Pkwy Cedar Rapids, IA 52404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3825 Westdale Pkwy Cedar Rapids, IA 52404
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