7 Brew Coffee | Westdale Ctr 4.0 Million Visits (Placer.ai)

Highlights:

• Brand new construction, dual drive-thru 7 Brew coffee property
• Cedar Rapids: Iowa’s second largest city (137,000+ residents)
• Summer 2025 Grand Opening
• Long term 15- year lease term with 10% rental increases
• Absolute NNN ground lease: ultimate ease of management for investor
• Corner parcel at 4-way intersection / one of the top-visited Iowa retail corridors
• Pad to Westdale Town Center: JCP, Ross, Burlington, PetSmart, Michaels & more
• (Placer.ai: 4.0 Million visitors in the last 12 months)
• Frontage on Edgewood Rd (22,000+ VPD) / adjacent to intersection with Hwy 151
• Massive Google / QTS Data Center presence & investments within 3.0 miles of subject property
• 612 acres / $1.3 Billion dollar total investment
• Google: the company’s data centers are “the backbone of its AI capabilities and digital services — including Google Cloud, Workspace, Search, YouTube and Maps.”
• 7 Brew Coffee: 415+ units and growing nationwide

Description:

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.

Cedar Rapids, Iowa, is a dynamic city located in the heart of eastern Iowa, positioned along the Cedar River. With a population of around 130,000, it is the second-largest city in the state and serves as a regional hub for commerce, education, and culture. The city has a rich historical background, originally established as a trading post in the early 19th century, and it played a significant role during the industrial boom of the late 1800s and early 1900s. Cedar Rapids is well-known for its vibrant arts and culture scene. The Cedar Rapids Museum of Art houses an impressive collection, including works by Grant Wood, a native Iowan famous for his iconic painting “American Gothic.” The city also hosts the annual Cedar Rapids Blues Festival and various art walks, showcasing local artists and musicians.
In terms of outdoor recreation, Cedar Rapids offers numerous parks and green spaces, including the sprawling 210-acre Bever Park and the scenic Indian Creek Trail, which is popular for hiking and biking. The city also features a robust system of trails and riverfront parks, making it easy for residents to enjoy nature.
Economically, Cedar Rapids has a diverse landscape. It is known as a center for manufacturing and technology, with major employers in sectors like healthcare, insurance, and food production. Companies like Rockwell Collins (now part of Collins Aerospace) and Quaker Oats are significant players in the local economy. The presence of several higher education institutions, including Coe College and Kirkwood Community College, contributes to a skilled workforce and vibrant student community.
Cedar Rapids has also embraced a commitment to sustainability and community development, with initiatives aimed at improving quality of life, including revitalization projects in its downtown area. The city’s neighborhoods are characterized by a mix of historic homes and modern developments, creating a unique urban fabric. In summary, Cedar Rapids is a city that beautifully blends its historical roots with contemporary culture, offering residents and visitors a rich array of experiences, from arts and recreation to economic opportunities and community events.