5400 Edgewood Road NE, Cedar Rapids, IA 52402
MLS Number: 2506583 |
Subtype: Commercial | Area: NE Quadrant
$
2,035,000
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
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County: Linn
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Lot Size: 1.51 Acre
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Acres: 1.5100
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Year Built: 2008
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Zoning: Sub Mix
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Gross tax: $62,660.00
Building
Total Building SF: 6,776
Ceiling Height: 11ft-14ft
Utilities
Utilities: Electricity Available, Natural Gas Available
Heating/Cooling: Central Heat, Central Air
Water Source: City Water
Sewer: City Sewer
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