3118-3146 Singing Hills Blvd
Sioux City, IA 51106

For sale is the 100% fee-simple interest in Super Center Pointe, a 39,200 SF Walmart Supercenter shadow-anchored shopping center in Sioux City, Iowa. The property is being offered at an 8.2% cap rate and a corresponding price of $3,941,224. This reflects a value of $100 per square foot, below its current replacement cost and considerably lower than other similar properties on the market. The shopping center was built in 2005/2006 for $4 million and recently received all brand new HVAC (28 total units), completed in January 2018. The shopping center is 95% leased, with over 50% national tenants, and the average base rent in the property is only $11.51 per square foot. The property sits immediately adjacent to Walmart Supercenter, sharing cross-easement access with one another, allowing the two properties to function as a cohesive single shopping center. Other nearby tenants include Walmart Supercenter, Sam’s Club, Wendy’s, McDonald’s, Taco Bell, Culver’s, Taco John’s, Pizza Hut, Outback Steakhouse, Hobby Lobby, Applebee’s Grill, Harbor Freight, Southern Hills Mall (JC Penney, Chick-fil-A, Famous Footwear, Wells Fargo), Lakeport Commons Shopping Center (Michaels, Staples, Old Navy, Best Buy, Red Robin, Olive Garden, Buffalo Wild Wings, PetSmart, Panera Bread, Texas Roadhouse, Golden Corral) and many others.