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Sunnybrook Plaza 5747-5755 Sunnybrook Dr

52,061 SF 100% Leased Retail Building Sioux City, IA 51106 $11,788,462 ($226/SF) 5.90% Cap Rate

Executive Summary

100% leased junior box power center situated between Target, Lowe's & Fleet Farm. 81% of the center is corporately guaranteed by TJX. New 10 year leases with Marshalls & Sierra Trading and a new 5-yr. renewal with Ulta, all commencing by 9.1.25. This Marshalls ranks in the top 21% of stores nationwide with over 502,000 visits per year and this Ulta ranks in the top 1% of stores nationwide boasting 256,000 visits per year. Source: Placer.ai
The back of the building faces the US 75/US 20 4-lane bypass with over 32,000 vehicles per day for maximum signage exposure on both front and back. The Verizon/Panda Express outlot, representing 13% of total site and expenses, is not included in the sale and will be carved off as a condominium. Chris Bogenrief has interest in the property and Nathan Connelly is related to an owner.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
52,061 SF
Building Class
C
Year Built/Renovated
2015/2024
Price
$11,788,462
Price Per SF
$226
Cap Rate
5.90%
NOI
$695,519
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
5.61 AC
Zoning
GC - General Commercial
Parking
195 Spaces (3.75 Spaces per 1,000 SF Leased)
Frontage
567 FT on Sunnybrook Dr.

Amenities

  • Monument Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Lorem Ipsum
  • Jan 0000

Marshalls buyers are always hustling to get deals on the latest trends, from the brands people know and love. And they take quality very seriously. In fact, they travel the world, searching for the best finds in fashion, home, shoes, beauty, and accessories—everything people are into. Their selection is always changing, which is what makes their shopping experience so fun. Each store receives different shipments every week, so people never know what they will find. They don’t hold replenishment stock in their back rooms, and even their store managers don’t know what’s coming in until they open the delivery truck doors. Their best advice? If people see something they love, add it to the cart. They are what people call an off-price retailer. For them, incredible value means the perfect combination of brand, fashion, price, and quality. Unlike traditional retailers, they don't do promotions, sales, or coupons.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - - Lorem Ipsum Jan 0000

Nearby Major Retailers

Starbucks
Golden Corral
Texas Roadhouse
ALDI
Olive Garden
Red Robin
Old Chicago Pizza
Buffalo Wild Wings
Wells Fargo Home Mortgage
Hy-Vee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
884708278006
Land Assessment
$1,405,600
Improvements Assessment
$4,588,100
Total Assessment
$5,993,700
  • Listing ID: 34132845

  • Date on Market: 12/9/2024

  • Last Updated:

  • Address: 5747-5755 Sunnybrook Dr, Sioux City, IA 51106

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