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5400 Edgewood Rd NE 6,776 SF Retail Building Cedar Rapids, IA 52411 $2,840,697 CAD ($419.23 CAD/SF) 7.37% Cap Rate

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INVESTMENT HIGHLIGHTS

  • High-visibility restaurant property located directly in front of the Edgewood Road Hy-Vee
  • Strong traffic counts with excellent visibility
  • Surrounded by national and regional retailers

EXECUTIVE SUMMARY

Offered as a sale-leaseback, 5400 Edgewood Rd NE in Cedar Rapids presents a rare opportunity to acquire a high-visibility restaurant property located directly in front of the Edgewood Road Hy-Vee along one of the city’s busiest retail corridors. The asset will be delivered with a new long-term absolute NNN lease in place, providing passive ownership with no landlord responsibilities and a stable NOI of $150,000 annually under a 10 year lease. Priced at a 7.5% cap rate, this investment offers strong cash flow backed by a creditworthy and experienced restaurant operator committed to the site. Surrounded by national and regional retailers, the property benefits from strong traffic counts, excellent visibility, and long-term retail synergy in a proven Cedar Rapids location.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,776 SF
Building Class
C
Year Built
2008
Price
$2,840,697 CAD
Price Per SF
$419.23 CAD
Cap Rate
7.37%
NOI
$209,388 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.51 AC
Zoning
S-MC - Suburban Mixed Use Community Center

AMENITIES

  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Club Pilates
Farrell's eXtreme Bodyshaping
Hy-Vee
Bank of Montreal
Starbucks
Pancheros Mexican Grill
HOTWORX
CrossFit
Heritage Bank
Snap Fitness 24/7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14061-76015-00000
Land Assessment
$982,632 CAD
Improvements Assessment
$1,728,730 CAD
Total Assessment
$2,711,362 CAD
  • Listing ID: 37001105

  • Date on Market: 2025-07-29

  • Last Updated:

  • Address: 5400 Edgewood Rd NE, Cedar Rapids, IA 52411

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