USAIACedar Rapids5400 Edgewood Rd Ne
5400 Edgewood Rd Ne, Home with 0 bedrooms, 0 bathrooms and null parking in Cedar Rapids IA | Image 1
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$2,035,000

5400 Edgewood Rd Ne, Cedar Rapids, IA

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Investment
Levels Commercial Sale
Size 6776 sqft
Garage No
Maintenance Fees 
Taxes $62,660
Days Active 1
Approx. Age 2008
Avg. Price Per Sqft $300
MLS® Number 2506583

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number2506583
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
ExteriorSprinkler Irrigation
GarageNo
Approx. Age2008
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

Building, Land

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