100% Occupied, 39,200 SF Walmart-Shadowed Strip Center in Sioux City, IA
Part of Portfolio of Three Midwest Walmart-Shadowed Strips – Portfolio Stats: 107,360 SF GLA, 95.8% Occupancy, $880,686 NOI – Can be Purchased Individually or Together
Shadowed by Walmart Supercenter – Prime Location Amongst Complementary Retail with High Traffic
Adjacent Walmart Ranks Top 25% 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% of GLA) – Original Tenant Since 2005 with New 5-Year Extension thru June 2026
Seasoned Rent Roll – 50% of Rent Roll (7 of 14 Tenants) are Original/In-Place Since 2005-2007 with ± 15 Years of Tenancy and History of Multiple Renewals
Check into Cash, Sally Beauty, Great Clips & Allstate
E-Commerce Proof “Daily Needs” Local Tenants – Mexican & Indian Restaurants, Massage & Nail Studios, Resale & Rental Stores
Offered Free & Clear – Projected 11.76% Cash-on-Cash Return & 17.71% Total Return at Proposed 70% LTV Bank Financing Terms
Strong Traffic Counts: Located Along Singing Hills Blvd with 16,600 Cars/Day
0.3-Mile East of I-29 Exit Ramps with 39,000 Cars/Day
Stable & Supportive Middle-Income Demographics: 29,097 Residents in Three Miles & 56,905 Residents in Five Miles, AHHI of $68-76K in a Three to Five-Mile Radius
Just North of the 185th Iowa Air National Guard Base with Approx. 1,400 Employees
Sioux City MSA has a Population of 150,000 – Major Private-Sector Employers Include Tyson Foods (4,500), Seaboard Triumph Foods (2,100), Bomgaars (2,100), MercyOne Siouxland (1,600), and Unity Point St. Luke’s Health (1,500)
