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.