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Shopping Community

Outlets & Marketplace Williamsburg

1991 O'Donnell Rd, Williamsburg, IA 52361

Listing Price: Request For Offer

Gross SF
261,831
Rentable SF
261,831
Lot Size
26.84 acres
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to exclusively offer a premier outlet center and marketplace with 94% national tenants. This center is situated in Williamsburg, Iowa - a center point between Iowa City, Iowa, and Cedar Rapids, Iowa. Major tenants include Nike, Under Armour, Gap, American Eagle Outfitters, Columbia, Polo Ralph Lauren, Coach, and many more. Long-term tenancy contributes to over 95% average occupancy since 2006, with 75% of tenants being in this center for at least seven years. The tenant roster consists of apparel, home and beauty, specialty stores, footwear, childcare, accessories, and food and drink, differentiating them from most outlets and creating a more internet-resistant roster. There is limited competition in the area, with the closest outlet mall being 79 miles away. Subject property had 1.19 million visits in the last 12 months, with an average dwell time exceeding an hour (placer.ai). The property is currently undergoing a transition to a hybrid-retail concept, bringing in a more diverse mix of tenants to build a new shopping and entertainment experience for customers.

Investment Highlights

  • Outlet Mall and Marketplace in Williamsburg, Iowa | 94% National Tenants | 261,831 Square Feet | More than 40 Stores
  • Major Tenants Include Nike Clearance, Under Armour, American Eagle Outfitters, Coach, Columbia Factory Store, Eddie Bauer Outlet, Lee | Wranger Clearance, Express Factory Outlet, and Many More
  • Highly Frequented Location | 1.19 Million Visits in the Last 12 Months | Average Dwell Time Exceeds 60 Minutes
  • Long-Term Tenancy Contributing to Over 95% Average Occupancy Since 2006
  • Limited Competition in the Area | Nearest Outlet Mall is 79 Miles Away
  • Opportunity to Add Value by Leasing Remaining 75,599 Square-Feet of Vacant Space
  • Driving Distance from The University of Iowa and Major Cities
  • Property is Undergoing a Transition to a Hybrid-Retail Concept

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Shopping Community

Outlets & Marketplace Williamsburg

Listing Price: Request For Offer

Gross SF
261,831
Rentable SF
261,831
Lot Size
26.84 acres
Year Built
1991

Investment Highlights

  • Outlet Mall and Marketplace in Williamsburg, Iowa | 94% National Tenants | 261,831 Square Feet | More than 40 Stores
  • Major Tenants Include Nike Clearance, Under Armour, American Eagle Outfitters, Coach, Columbia Factory Store, Eddie Bauer Outlet, Lee | Wranger Clearance, Express Factory Outlet, and Many More
  • Highly Frequented Location | 1.19 Million Visits in the Last 12 Months | Average Dwell Time Exceeds 60 Minutes
  • Long-Term Tenancy Contributing to Over 95% Average Occupancy Since 2006
  • Limited Competition in the Area | Nearest Outlet Mall is 79 Miles Away
  • Opportunity to Add Value by Leasing Remaining 75,599 Square-Feet of Vacant Space
  • Driving Distance from The University of Iowa and Major Cities
  • Property is Undergoing a Transition to a Hybrid-Retail Concept

Investment Overview

Marcus & Millichap is pleased to exclusively offer a premier outlet center and marketplace with 94% national tenants. This center is situated in Williamsburg, Iowa - a center point between Iowa City, Iowa, and Cedar Rapids, Iowa. Major tenants include Nike, Under Armour, Gap, American Eagle Outfitters, Columbia, Polo Ralph Lauren, Coach, and many more. Long-term tenancy contributes to over 95% average occupancy since 2006, with 75% of tenants being in this center for at least seven years. The tenant roster consists of apparel, home and beauty, specialty stores, footwear, childcare, accessories, and food and drink, differentiating them from most outlets and creating a more internet-resistant roster. There is limited competition in the area, with the closest outlet mall being 79 miles away. Subject property had 1.19 million visits in the last 12 months, with an average dwell time exceeding an hour (placer.ai). The property is currently undergoing a transition to a hybrid-retail concept, bringing in a more diverse mix of tenants to build a new shopping and entertainment experience for customers.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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