Listed by Lloyd Companies
$5,000,000
Meadows Square Investment Sale
Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 35,591
Net Rentable (SqFt) 34,620
Occupancy 86.1%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Pro-Forma Cap Rate 8.33%
Pro-Forma NOI $416,461
Price per SqFt $140
Class B
Year Built 1996
Acreage 3.410
Zoning C-4
Investment Type Owner/User
Ground Lease No
Sioux Falls, SD Investment Sale
Marketing description
Meadows Square is a 35,591 SF retail center for sale in Sioux Falls’ most active shopping district. Anchored by Michael’s Crafts since 1996, this established property offers a strong tenant mix of national and local retailers, steady occupancy, and exceptional visibility. Located within the Meadows on the River development, the center is surrounded by major anchors including Walmart, Sam’s Club, The Home Depot, and The Empire Mall. With over 14 million annual visits to the trade area, this investment offers both stability and growth potential in one of the Midwest’s fastest-growing metros.
Investment highlights
- 35,591 SF retail center on 3.41 acres
- Net rentable size of 34,750 SF +/- with 971 SF +/- of common area space
- Current Occupancy: 86.1% (7 of 10 tenants)
- 4,818 SF Vacant
- Anchored by Michael's Crafts since 1996
- Other tenants include GameStop, Pho Thai, Salon Mia, CosmoProf, Ivan's Tattoo Studio, and Balanced Life Chiropractic
- 207 shared surface parking stalls
- Surrounded by national retailers like Sam's Club, The Home Depot, Menard's, Buffalo Wild Wings, World Market, and so much more
- Supportive traffic counts: 21,800 VPD (Louise Ave), 49,100 VPD (41st Street), and 59,780 VPD (I-29)
- Contact Broker for rent roll & financials
Listing Contacts
Listed by Lloyd Companies
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