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23528891
23528897

924 4th St, Sioux City, IA 51101

DU
NE 20200382
Colliers - Omaha, Nebraska
LC
NE NE25025
Colliers - Omaha, Nebraska
Listed by Colliers - Omaha, Nebraska
$7,500,000
374 days on market
Updated 92 days ago
Opportunity zone

4th Street Promenade

Details
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 67,926
Cap Rate 8.47%
NOI $635,257
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2004
Year Renovated 2022
Acreage 1.880

Unique opportunity to own great investment in trendy downtown Sioux City

Marketing description

Colliers is pleased to offer for sale 4th Street Promenade Retail Center located at 924 4th Street in the hub of the 4th Street Historic District in downtown Sioux City, IA. This popular entertainment district features a variety of restaurants, pubs, nightclubs, and specialty shops.

Anchoring 4th Street Promenade Retail Center is the recently renovated 14-screen, 2,368 seat ACX Cinema which brings in annual sales nearing $3MM. With a unique building layout, retail tenants wrap around the front and corners of the building. One of those tenants is the famous Marto Brewing Company, offering craft beers brewed on site with a full-service restaurant.

Marto’s elevated menu and a park-like outdoor patio overlook the picturesque Roth Fountain.

Adjacent to Marto is a first-class women’s wellness clinic and boutique, The Sonography Studio, supporting women “from bump to baby, and beyond.” Completing the tenant mix is a contemporary reformer pilates studio slated to open in August of 2025, making this a 100% leased retail center.

An additional income opportunity is available with a pad site positioned on the southeast corner of the building.

Listing Contacts

DU
NE 20200382
Colliers - Omaha, Nebraska
LC
NE NE25025
Colliers - Omaha, Nebraska
Listed by Colliers - Omaha, Nebraska

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$635,257.00
$52,938.08/mo

Valuation Metrics

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DSCR
8.47%
Cap Rate
8.47%
ROI

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