Highlights
• Brand-new dual drive-thru 7 Brew Coffee – Cedar Rapids, IA • Long-term 15-year lease with 10% rent increases • Corner parcel at a 4-way intersection in one of Iowa’s top retail corridors • Located in Cedar Rapids, Iowa’s 2nd largest city (137K+ residents) • Absolute NNN ground lease – no landlord responsibilities • 7 Brew Coffee: rapidly expanding brand with 440+ locations nationwide
Description
Faris Lee Investments is pleased to offer the opportunity to acquire a brand-new, freestanding 7 Brew Coffee property featuring dual drive-thrus in Cedar Rapids, Iowa—the state’s second-largest city. Positioned on a prominent corner lot with exceptional visibility and access at a busy four-way intersection along Edgewood Road (22,000+ VPD), the property also benefits from adjacency to Highway 151, a major thoroughfare that connects the broader Cedar Rapids community. Scheduled for a July/August 2025 grand opening, this 7 Brew Coffee will operate under a new 15-year Absolute NNN ground lease with 10% rent increases every five years, offering investors inflation protection and growing cash flow. With no landlord responsibilities, strong lease fundamentals, and rapid brand expansion, this property represents an ideal passive investment opportunity. The asset is located as an outparcel to Westdale Town Center, one of Iowa’s most visited shopping destinations, drawing approximately 4 million annual visitors and ranking 12th out of 232 shopping centers statewide, according to Placer.ai. The trade area is supported by over 95,000 residents within a five-mile radius and nearby national retailers including Target, Walmart, and newly developed apartment communities. Neighboring QSR operators include Chick-fil-A, Freddy’s, Culver’s, Jersey Mike’s, Firehouse Subs, Wingstop, and others. Cedar Rapids, recognized as one of Iowa’s primary economic hubs, continues to experience robust growth—most notably with Google and QTS investing $1.3 billion in a new data center campus located just three miles from the property. With prime visibility, a strong tenant, and a thriving trade area, this offering presents an exceptional opportunity to acquire a brand-new, passive NNN asset in one of Iowa’s most dynamic markets.
Property Documents
2350 Edgewood Rd SW Flyer.pdf
9.17 MB
Listing Details
- Cap Rate
6.35%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Fast Food/QSR
- Date Listed
10/24/2025
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$130,000
- Building FAR
0.02
Property Specifics
- Property Name
7 Brew Coffee | Westdale Ctr 4 Million Visits | 2350 Edgewood Rd SW
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2025
- Building Size
510 SF
- Lot Size
0.6 Ac
- APN
13364-01028-00000
- Zoning
SMR
- Occupancy
100%