1200 10th Ave S
Great Falls, MT 59405

EARLY EXTENTION: Scheels just early-extended for an additional 10 years showing strong confidence in their ability to perform at this location. Scheels’ net lease includes four 5-year renewal options and rental increases throughout the base term and options. Scheels has operated in Holiday Village Mall since 2007, and, with the recent extension, currently has over 18 years of term remaining. DOMINANT RENT TO SALES RATIO: Scheels has historically reported tremendous sales at this location. In 2018, Scheels' sales were $21.84 million with 6.43% growth over the previous year. Their rent-to-sales ratio is 3.07% which is extremely healthy for a sporting goods retailer. MINIMAL COMPETITION: Scheels holds an exceptional market position with no competitive sporting goods stores within close proximity. The nearest competitors, Cabela’s and another Scheels location, are located approximately 169 and 217 miles away in Missoula and Billings, MT, respectively. RETAIL CENTER OF GRAVITY: Scheels is an anchor to Holiday Village Mall, a 576,897-square foot enclosed regional mall. JCPenney is the other anchor tenant at the mall. Additional key tenants include Ross Dress for Less, Bed Bath & Beyond, Big Lots, Hobby Lobby, and PetSmart. National retailers within the corridor include AMC Theater, The Home Depot, Old Navy, Michaels, Petco, OfficeMax, Barnes & Noble, Goodwill, Jo-Ann Fabrics, Pier 1 Imports, and Target among others. There is no other significant cluster of retail within Great Falls. EXCELLENT LOCATION: Situated 50 miles from the Continental Divide and 120 miles from the Canadian border, Great Falls is the third largest city in Montana and the only source of retail within a 90-mile radius. Holiday Village Mall is the only enclosed regional mall located on the Interstate 15 corridor between Helena, Montana and the Canadian border. HIGH TRAFFIC COUNTS: Scheels is located along 10th Avenue South (US 87/89) at the intersection with 13th Street South. An estimated 54,398 vehicles drive past the mall daily on the four surrounding streets: 36,200 on 10th Avenue South, on the north side of the property; 6,913 on 13th Street South, on the east; 3,526 on 13th Avenue South, on the south, and 7,759 on 9th Street South, on the west. MARKET POSITIONING: Holiday Village Mall is uniquely positioned as the dominant retail center in a captive market fueled by limited shopping alternatives and retail options. Furthermore, Holiday Village Mall is the nearest dominant retail location to capture the Canadian tourists and shoppers. These shoppers add huge tourist dollars to the Great Falls market, and Scheels and the mall capture a large share of the retail dollars.