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29965565
29965568

4501 Southern Hills Dr, Sioux City, IA 51106

AO
NE NE 20080192
Access Commercial LLC
KH
NE 20090133
Access Commercial LLC
Listed by Access Commercial LLC
$14,100,000
100 days on market
Updated 11 days ago

Southern Square Shopping Center

Details
Property Type Retail, Land
Sub Type Commercial
Square Footage 106,795
Cap Rate 8.00%
NOI $568,859
Lease Type NNN
Acreage 12.140
Investment Type Value Add

Retail | 8.00% CAP | 106,795 SqFt

Marketing description

Southern Square Shopping Center presents a compelling value-add retail investment opportunity in one of Sioux City’s most established commercial corridors. Strategically positioned within the Southern Hills retail district, the property benefits from strong area co-tenancy, consistent consumer traffic, and proximity to national anchors and daily-needs retailers.

The center has 8,827 SF space available; creating immediate upside for an investor.
Rather than inheriting a fully stabilized asset at a compressed yield, a buyer has the
opportunity to:
- Increase NOI through lease-up, capturing today’s market rents
- Enhance overall center synergy by curating complementary tenants
- Improve long-term asset value through stabilization
- Potentially reposition or modernize the vacant space to attract higher-credit tenancy
The vacancies provide built-in growth potential while maintaining in-place income from existing tenants. This structure allows for both cash flow stability and strategic upside — an attractive balance for investors seeking yield growth in a proven retail trade area.
Southern Square offers visibility, accessibility, and flexibility — positioning a buyer to acquire at today’s basis and unlock value through thoughtful lease-up execution

Southern Square Shopping Center presents a compelling value-add retail investment opportunity in one of Sioux City’s most established commercial corridors. Strategically positioned within the Southern Hills retail district, the property benefits from strong area co-tenancy, consistent consumer traffic, and proximity to national anchors and daily-needs retailers. The center has 8,827 SF space available; creating immediate upside for an investor. Rather than inheriting a fully stabilized asset at a compressed yield, a buyer has the opportunity to: - Increase NOI through lease-up, capturing today’s market rents - Enhance overall center synergy by curating complementary tenants - Improve long-term asset value through stabilization - Potentially reposition or modernize the vacant space to attract higher-credit tenancy The vacancies provide built-in growth potential while maintaining in-place income from existing tenants. This structure allows for both cash flow stability and strategic upside — an attractive balance for investors seeking yield growth in a proven retail trade area. Southern Square offers visibility, accessibility, and flexibility — positioning a buyer to acquire at today’s basis and unlock value through thoughtful lease-up execution

Investment highlights

  • Cap Rate: 8%
  • SF: 106,795 SF
  • Land Area: 12.14 Acres
  • Lease Type: NNN
  • Small Shoppes - Budgeted 2026 NOI: $568,859
  • Anchor Space: Long term lease in place but available for owner/operator

Listing Contacts

AO
NE NE 20080192
Access Commercial LLC
KH
NE 20090133
Access Commercial LLC
Listed by Access Commercial LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$568,859.00
$47,404.92/mo

Valuation Metrics

0
DSCR
4.03%
Cap Rate
4.03%
ROI

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