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Shopping Strip

Supercenter Pointe

3118 Singing Hills Blvd, Sioux City, IA 51106

Listing Price: $4,465,000

Cap Rate
7.75%
Gross SF
39,200
Rentable SF
39,200
Price/Gross SF
$113.90
Lot Size
5.75 acres
Year Built
2005

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Supercenter Pointe in Sioux City, Iowa. The subject property is 100 percent occupied and comprised of 39,200 square feet. Supercenter Pointe sees strong traffic counts along Singing Hills Boulevard with 16,600 cars per day. Supercenter Pointe is being offered for $4,465,000.

Investment Highlights

  • 100 Percent Occupied, 39,200-Square-Foot Walmart-Shadowed Strip Center in Sioux City, Iowa
  • Part of Portfolio of Three Midwest Walmart-Shadowed Strips – Portfolio Stats: 107,360-Square-Foot Gross Leasable Area, 95.8 Percent Occupancy, $883,919 Net Operating Income
  • Shadowed by Walmart Supercenter – Prime Location Amongst Complementary Retail with High Traffic
  • Adjacent Walmart Ranks Top 25 Percent in Iowa (Out of 60 Stores) with 1.84 Million Customer Visits in the T12-Month Period; Ranks Above-Average Nationally as Well (Source: Placer.AI)
  • Walmart's High Traffic and Rankings Indicate High Probability of Continued Operations at Site and Strong Likelihood of Remaining a Shadow Anchor/Traffic Driver for Years to Come
  • Anchored by Dollar Tree (23 Percent of Gross Leasable Area) – Original Tenant Since 2005 with New Five-Year Extension Thru June 2026.
  • Offered Free and Clear – Projected 11.5 Percent Cash-on-Cash Return and 17.5 Percent Total Return at Proposed 70 Percent Loan to Value Bank Financing Terms
  • Seasoned Rent Roll – 50 Percent of Rent Roll (Seven of 14 Tenants) are Original/In-Place Since 2005-2007 with Approximately 15 Years of Tenancy and History of Multiple Renewals

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Shopping Strip

Supercenter Pointe

Listing Price: $4,465,000

Cap Rate
7.75%
Gross SF
39,200
Rentable SF
39,200
Price/Gross SF
$113.90
Lot Size
5.75 acres
Year Built
2005

Investment Highlights

  • 100 Percent Occupied, 39,200-Square-Foot Walmart-Shadowed Strip Center in Sioux City, Iowa
  • Part of Portfolio of Three Midwest Walmart-Shadowed Strips – Portfolio Stats: 107,360-Square-Foot Gross Leasable Area, 95.8 Percent Occupancy, $883,919 Net Operating Income
  • Shadowed by Walmart Supercenter – Prime Location Amongst Complementary Retail with High Traffic
  • Adjacent Walmart Ranks Top 25 Percent in Iowa (Out of 60 Stores) with 1.84 Million Customer Visits in the T12-Month Period; Ranks Above-Average Nationally as Well (Source: Placer.AI)
  • Walmart's High Traffic and Rankings Indicate High Probability of Continued Operations at Site and Strong Likelihood of Remaining a Shadow Anchor/Traffic Driver for Years to Come
  • Anchored by Dollar Tree (23 Percent of Gross Leasable Area) – Original Tenant Since 2005 with New Five-Year Extension Thru June 2026.
  • Offered Free and Clear – Projected 11.5 Percent Cash-on-Cash Return and 17.5 Percent Total Return at Proposed 70 Percent Loan to Value Bank Financing Terms
  • Seasoned Rent Roll – 50 Percent of Rent Roll (Seven of 14 Tenants) are Original/In-Place Since 2005-2007 with Approximately 15 Years of Tenancy and History of Multiple Renewals

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale, Supercenter Pointe in Sioux City, Iowa. The subject property is 100 percent occupied and comprised of 39,200 square feet. Supercenter Pointe sees strong traffic counts along Singing Hills Boulevard with 16,600 cars per day. Supercenter Pointe is being offered for $4,465,000.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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