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7 Brew Coffee | Westdale Ctr 4 Million Visits 2350 Edgewood Rd SW 510 SF Retail Building Cedar Rapids, IA 52404 $2,857,448 CAD ($5,602.84 CAD/SF) 6.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 7 Brew Coffee dual drive-thru property just opened August 2025
- Pad to Westdale Town Center: JCP, Ross, Burlington, PetSmart, Michaels & more
- Long term 15- year lease term with 10% rental increases
- Cedar Rapids: Iowa’s second largest city
- Corner parcel at 4-way intersection / one of the top-visited Iowa retail corridors
- 7 Brew Coffee: 500+ units and growing
EXECUTIVE SUMMARY
IOWA BROKER OF RECORD....ERIN ROONEY, CCIM...IA License No. B42992000
Faris Lee Investments is pleased to present the opportunity to acquire a brand new, freestanding, dual drive-thru 7 Brew Coffee property located in Cedar Rapids, IA - the second-largest city in Iowa. This QSR Coffee asset is positioned on a corner lot, with fantastic visibility and access to the 4-way intersection on Edgewood Road (22,000+ VPD). The subject property is also adjacent to major local thoroughfare Highway 151, which connects nearly the entire Cedar Rapids community east-west. 7 Brew Coffee is slated for a July/August 2025 grand opening and features a brand new, 15-year, Absolute NNN ground lease with 10% rental increases every five years - providing an investors with a hedge against inflation and increasing cash flow. The long term lease, 7 Brew brand momentum, and absence of landlord responsibilities creates an outstanding investment opportunity for a passive investor.
The subject property is situated as an outparcel to the Westdale Town Center. Placer.ai ranks the shopping center as one of Iowa’s most visited shopping destinations, attracting 4.0 million annual visitors and ranking 12th out of 232 shopping centers statewide. The Westdale Town Center is also flanked by national retailers including Target, Walmart, new apartment complexes, and supported by 95,000+ residents within a 5-mile radius. Neighboring QSR tenants include Chick-Fil-A, Freddy’s, Culver’s, Jersey Mike’s, Firehouse Subs, Wingstop, & more. Cedar Rapids, known as an economic hub for Iowa, notably welcomed a $1.3 Billion dollar development for Google / QTS in 2025. This brand-new data center campus sits just 3.0 miles away from the subject property. With unmatched sales numbers and a phenomenal retail trade area, this investment offering presents a unique opportunity to acquire a NNN property in the state of Iowa.
Faris Lee Investments is pleased to present the opportunity to acquire a brand new, freestanding, dual drive-thru 7 Brew Coffee property located in Cedar Rapids, IA - the second-largest city in Iowa. This QSR Coffee asset is positioned on a corner lot, with fantastic visibility and access to the 4-way intersection on Edgewood Road (22,000+ VPD). The subject property is also adjacent to major local thoroughfare Highway 151, which connects nearly the entire Cedar Rapids community east-west. 7 Brew Coffee is slated for a July/August 2025 grand opening and features a brand new, 15-year, Absolute NNN ground lease with 10% rental increases every five years - providing an investors with a hedge against inflation and increasing cash flow. The long term lease, 7 Brew brand momentum, and absence of landlord responsibilities creates an outstanding investment opportunity for a passive investor.
The subject property is situated as an outparcel to the Westdale Town Center. Placer.ai ranks the shopping center as one of Iowa’s most visited shopping destinations, attracting 4.0 million annual visitors and ranking 12th out of 232 shopping centers statewide. The Westdale Town Center is also flanked by national retailers including Target, Walmart, new apartment complexes, and supported by 95,000+ residents within a 5-mile radius. Neighboring QSR tenants include Chick-Fil-A, Freddy’s, Culver’s, Jersey Mike’s, Firehouse Subs, Wingstop, & more. Cedar Rapids, known as an economic hub for Iowa, notably welcomed a $1.3 Billion dollar development for Google / QTS in 2025. This brand-new data center campus sits just 3.0 miles away from the subject property. With unmatched sales numbers and a phenomenal retail trade area, this investment offering presents a unique opportunity to acquire a NNN property in the state of Iowa.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
510 SF
Year Built
2025
Price
$2,857,448 CAD
Price Per SF
$5,602.84 CAD
Cap Rate
6.35%
NOI
$181,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.60 AC
Zoning
SMR
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13364-01028-00000 | Improvements Assessment | $827,781 CAD |
| Land Assessment | $576,515 CAD | Total Assessment | $1,404,296 CAD |
PROPERTY TAXES
Parcel Number
13364-01028-00000
Land Assessment
$576,515 CAD
Improvements Assessment
$827,781 CAD
Total Assessment
$1,404,296 CAD
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7 Brew Coffee | Westdale Ctr 4 Million Visits | 2350 Edgewood Rd SW
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