Investment Overview

Marcus & Millichap is pleased to exclusively present for your acquisition review the net leased Maurices in Chadron, Nebraska. The 5,040 square foot building was built-to-suit for Maurices in 2011, with Maurices signing an original 10-year lease. The tenant is currently operating on a month-to-month lease current lease since its most recent expiration on July 31, 2024. The lease is modified triple net, with the landlord being responsible for the roof and structural components of the building and the tenant responsible for all common area maintenance, real estate taxes and insurance. Maurices is positioned adjacent to the Walmart Supercenter across the street. The building has excellent exposure along U.S. Route 20 surrounded by several car dealerships and national retailers including GMC of Charon, Eagle Chevrolet Buick, McDonald’s, Verizon Wireless, Hibbett Sports, Bomgaars, Taco John’s and more. A new Holiday Inn Express was built recently behind Maurices and provides consistent walk-up traffic for the Maurices. Maurices was founded in 1931 and is headquartered in Duluth, Minnesota and has since grown to more than 1,015 locations across the United States and Canada. Maurices is owned by Ascena Retail Group, which is publicly traded on the NASDAQ under the ticker symbol “ASNA”.