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Edgewood Center | 2360 Edgewood Rd SW
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Edgewood Center 2360 Edgewood Rd SW
12,461 SF 100% Leased 4-Star Retail Building Cedar Rapids, IA 52404 $5,496,700 CAD ($441 CAD/SF) 7.31% Cap Rate
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INVESTMENT HIGHLIGHTS
- Excellent visibility and access.
- Daily traffic counts of nearly 20,000 vehicles.
EXECUTIVE SUMMARY
Current NOI is projected to be $277,640 in 2025. Fully leased Class "A" retail strip center for sale on outlot of Westdale Town Center. Tenants include Napoli's Italian Restaurant, WingStop, Great Clips, Metro Infusion Center, Q Nail Spa, and Crab House Seafood Restaurant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,461 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2015
Price
$5,496,700 CAD
Price Per SF
$441 CAD
Cap Rate
7.31%
NOI
$401,606 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.58 AC
Zoning
SMRC - Suburban Mixed Use Regional Center
Frontage
297 ft on Westdale Parkway Southwes
NEARBY MAJOR RETAILERS
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
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PROPERTY TAXES
Parcel Number | 13364-01019-00000 | Improvements Assessment | $2,396,299 CAD |
Land Assessment | $1,568,972 CAD | Total Assessment | $3,965,271 CAD |
PROPERTY TAXES
Parcel Number
13364-01019-00000
Land Assessment
$1,568,972 CAD
Improvements Assessment
$2,396,299 CAD
Total Assessment
$3,965,271 CAD
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Edgewood Center | 2360 Edgewood Rd SW
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