7 Brew Coffee | Westdale Ctr 4 Million Visits 2350 Edgewood Rd SW 510 pi² Commerce de détail Immeuble Cedar Rapids, IA 52404 2 829 978 $ CAD (5 548,98 $ CAD/pi²) 6,35% Taux de capitalisation

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.