Investment Overview

Marcus & Millichap is pleased to exclusively present Eastside Commons, the premier grocery anchored retail center in Brookings, South Dakota. The rent roll boasts a tremendous variety of tenants who enjoy a location serving residential neighborhoods as well major businesses, such as the 3M Brookings plant (1,000+ employees). This well-maintained retail center is located near Interstate 29, the north/south corridor linking Sioux Falls (55 miles to the south) and Fargo, North Dakota (149 miles to the north). The center is anchored by Hy-Vee Grocery Store, Brookings Municipal Liquor Store and a Biomat Plasma Center. Eastside Commons is home to a mix of national brands and small business retailers. This grocery-anchored community center is ideally positioned for businesses entering the marketplace, which makes the “value-add” component of this investment opportunity extremely attractive for savvy retail development/investment groups. As of August 1, 2022, the center is approximately 74.5-percent occupied, making the 40,000 square feet of vacancy a tremendous opportunity for a retail investor adept at unlocking the full value and cash flow a quality grocery anchored center will provide. Additionally, the improvements are situated on 13+ acre parcel in a manner that provides for multiple pad site development opportunities. This will allow a new owner to pursue the variety of options for pad site sales, completing build-to-suits, or simply offering ground leases.