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    3475 Westdale Dr Cedar Rapids, IA 52404

    Sponsored
    For Sale
    $6,595,555

    High-yield Burlington Coat Factory investment.

    Property size:
    40,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a freestanding Burlington Coat Factory storefront in Cedar Rapids, Iowa. The property boasts a substantial 40,400 square feet of net rentable space, situated on a 3.24-acre lot (APN: 13364-76020-00000). Currently operating under a triple-net (NNN) lease with 6.5 years remaining on a 15-year term, this single-tenant property offers a strong, stable income stream. The lease includes a 10% rental increase in 3 years. Located at 3475 Westdale Dr SW, Cedar Rapids, IA 52404, this prime location benefits from excellent visibility and accessibility, with convenient access to Highway 30 and Interstate I-380. The property is part of a thriving retail center, featuring a diverse mix of national retailers and experiencing significant growth. Built in 2016, the building is zoned S-MR and enjoys 100% occupancy, providing a secure and high-performing investment. The asking price is $6,595,555, translating to a price per square foot of $163.26. This represents a compelling opportunity for investors seeking a stable, high-return asset in a dynamic market. The property's strong tenant, favorable lease terms, and strategic location combine to create a compelling investment proposition.

    Property Features for 3475 Westdale Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    40,400 SF
    Lot Size
    141,134 SF

    Building Details

    Year Built
    2016

    HighLights

    • $6,595,555 asking price for a Burlington Coat Factory storefront.
    • NNN lease, single tenant occupancy.
    • 40,400 square feet, 100% occupancy.
    • 6.5 years remaining on a 15‑year lease with a 10% rent increase in 3 years.
    • Located at 3475 Westdale Dr SW, Cedar Rapids, IA 52404, on a 3.24‑acre lot.
    • Built in 2016.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burlington Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Rapids
    County
    Linn
    State
    Iowa
    Longitude
    -91.719074229099
    Latitude
    41.950855719731

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Burlington Coat Factory investment.
    Where is this individual retail property located?
    The property is located at 3475 Westdale Dr Cedar Rapids, IA.
    What is the asking price?
    The asking price for this property is $6,595,555.
    What are key features of this property?
    This property features: $6,595,555 asking price for a Burlington Coat Factory storefront.; NNN lease, single tenant occupancy.; 40,400 square feet, 100% occupancy.
    Request Owner's contact information
    3475 Westdale Dr 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
    3475 Westdale Dr Cedar Rapids, IA 52404
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