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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
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
PROPERTY TAXES
| Parcel Number | 14061-76015-00000 | Improvements Assessment | $1,728,730 CAD |
| Land Assessment | $982,632 CAD | Total Assessment | $2,711,362 CAD |
PROPERTY TAXES
Parcel Number
14061-76015-00000
Land Assessment
$982,632 CAD
Improvements Assessment
$1,728,730 CAD
Total Assessment
$2,711,362 CAD
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5400 Edgewood Rd NE
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