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Westdale Town Center (2026) - Cedar Rapids 2600 Edgewood Rd SW 342,140 SF 100% Leased Retail Building Cedar Rapids, IA 52404 For Sale

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Investment Highlights

The 334,473 SF shopping center serves as the dominant retail hub in southwest Cedar Rapids, drawing consumers from across the metro.
55% of the Tenants are publicly traded companies reporting multi-billion dollar revenues.
A $37 million wellness center, $24 million public library, & $10 million municipal annex are currently under construction in the immediate trade area.

The City of Cedar Rapids has identified the Westdale Corridor as a significant opportunity for public and private investment.
The property is anchored by a strong mix of national retailers, including Burlington, PetSmart, Ross, Ulta, Five Below, Michaels, and JCPenney.
Cedar Rapids has secured over $10 billion in combined Google and QTS data center investments, located at Big Cedar Industrial Center 3.5 miles away.

Executive Summary

We are pleased to exclusively offer for sale the Westdale Town Center located at 2600 Edgewood Rd SW in Cedar Rapids, IA. Westdale Town Center offers investors a rare opportunity to acquire an open-air center with national brand tenants in one of the dominant retail hubs in Cedar Rapids. The center totals 334,473 square feet of leasable area and is anchored by a powerful tenant lineup, including Burlington, PetSmart, Ross, Ulta, Five Below, Michaels, Chipotle and JCPenney.
In Association with Scott Reid & ParaSell, Inc. | Costa Mesa, California | A Licensed Iowa Broker #F06134000

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Department Store

Building Size

342,140 SF

Building Class

Year Built

2016

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.30

Lot Size

25.80 AC

Major Tenants

Bath and Body
Retailer
3,292 SF
$28.52 CAD
-
Oct 2036

Boulder Tap
Accommodation and Food Services
5,501 SF
$43.52 CAD
Triple Net
Apr 2034

Burlington
Retailer
40,702 SF
$15.01 CAD
Triple Net
Feb 2032

Chipotle
Accommodation and Food Services
2,325 SF
$98.46 CAD
-
Dec 2035

Five Below
Retailer
9,411 SF
$23.24 CAD
Triple Net
Nov 2035

Maurices
Retailer
4,950 SF
$23.77 CAD
Triple Net
Jan 2037

Michael's
Retailer
16,176 SF
$16.30 CAD
Triple Net
Aug 2034

Retailer
-
-
Triple Net
Sep 2030

PetSmart began in 1986 in Phoenix, Arizona, as a small pet food warehouse before expanding into a major retail chain. The company now operates numerous superstores across North America offering extensive pet product selections and services. Their business includes grooming salons, dog training programs, boarding facilities, and adoption events through PetSmart Charities. Over the years, PetSmart has maintained a significant presence in the pet supplies market while diversifying their service offerings to support pet owners throughout their animals' lives.

Ross
Retailer
25,000 SF
$9.06 CAD
Triple Net
Nov 2027

Ulta
Retailer
9,400 SF
$23.77 CAD
Triple Net
Jan 2037

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
Bath and Body	Retailer	3,292 SF	$28.52 CAD	-	Oct 2036
Boulder Tap	Accommodation and Food Services	5,501 SF	$43.52 CAD	Triple Net	Apr 2034
Burlington	Retailer	40,702 SF	$15.01 CAD	Triple Net	Feb 2032
Chipotle	Accommodation and Food Services	2,325 SF	$98.46 CAD	-	Dec 2035
Five Below	Retailer	9,411 SF	$23.24 CAD	Triple Net	Nov 2035
Maurices	Retailer	4,950 SF	$23.77 CAD	Triple Net	Jan 2037
Michael's	Retailer	16,176 SF	$16.30 CAD	Triple Net	Aug 2034
	Retailer	-	-	Triple Net	Sep 2030
Ross	Retailer	25,000 SF	$9.06 CAD	Triple Net	Nov 2027
Ulta	Retailer	9,400 SF	$23.77 CAD	Triple Net	Jan 2037