Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100 percent fee simple interest in the Hamilton Center (“The Property”) — a 100 percent occupied, 39,200 square foot neighborhood shopping center located in Sioux City, IA. Built in 2003 on a 2.26-acre site, the Property has been exceptionally well maintained and features a complementary mix of e-commerce resistant, service-based retail tenants including Vision Care Clinic, Wingstop, Grind Fitness, 5 Star Nails, and Tires Tires Tires. Hamilton Center is comprised of two buildings strategically located at a signalized hard corner along Hamilton Boulevard, the area’s primary thoroughfare and one of Sioux City’s most active and established retail corridors. The Center combines outstanding visibility and great access with a convenient location that caters to the surrounding residents. The property benefits from strong demographics, including average household incomes exceeding $75,000 and a population of more than 100,000 within a five-mile radius, plus high daily traffic exposure of over 31,000 vehicles. The Center provides two pylon signs, five-access points, and ample parking for tenants and customers alike with 150 surface spaces located in the front and rear of the Property. The center is proudly anchored by Tires Tires Tires, the region’s go-to full service automotive repair and tire destination. As an original tenant since the property’s development more than 20 years ago, Tires Tires Tires has built an outstanding reputation and a loyal customer following that drives consistent traffic to the center. In a strong testament to their success at this location, Tires Tires Tires recently executed a five-year lease extension, further solidifying the center’s stability and providing investors with excellent long-term income certainty. Ideally situated between a high-volume Hy-Vee grocery-anchored center and adjacent to Walgreens, Hamilton Center is surrounded by a robust mix of national and regional retailers including Bomgaars, Petco, Taco Bell, and Starbucks. The area also benefits from proximity to the Hard Rock Hotel & Casino, which attracts approximately 1.8 million visitors annually, further driving consistent consumer traffic. The Property is offered free and clear at an 8.0% cap rate totaling $5,163,420