3560 Williams Pkwy SW
Cedar Rapids, IA 52404
Verizon Wireless · Retail Property For Sale

Capital Pacific is pleased to present the opportunity to acquire Verizon Wireless, a freestanding net leased investment in Cedar Rapids, Iowa. The property is newer construction and leased to Verizon Wireless ($126 Billion in revenue). Verizon has 8 years remaining on its 10-year lease term and includes two 5-year options to extend at increased rents. Additionally, the tenant reimburses landlord for property taxes, insurance, and most maintenance, with landlord responsibility limited to roof and structure (the property was built in 2017 which mitigates near-term Landlord responsibility). The property sits on a hard corner with excellent frontage and visibility on Edgewood Road (US-Route 151), and is surround by synergistic retail that creates a strong draw to the immediate area. Location Overview- The property is located in the western section of Cedar Rapids, IA, at the intersection of Williams Road and US 151, a highly traveled highway with over 15,000 vehicles per day. Within a 5-mile radius the area includes 105,000 residents with average household income of over $72,000. The trade area includes a dense amount of residential and commercial, including Westdale Mall (Burlington, JC Penney, Ross), Super Target, and a Walmart Supercenter, all of which complement this asset.