905 E Spruce St
Mitchell, SD 57301

Marcus & Millichap is pleased to exclusively present for your acquisition review the Whiskey Creek Plaza in Mitchell, South Dakota. The 10,000 square foot retail center is made up of 3 suites and sits on about 2.39 acres along E Spruce Street. Whiskey Creek Plaza is shadow anchored by a Walmart Supercenter, Menards and a Tractor Supply Company. Cabela’s has an 80,000 square foot showroom across the street from Whiskey Creek Plaza and engages customers with lifelike taxidermy, local fish swimming in massive aquariums and an indoor archery test area. The center is surrounded by other national retailers like GameStop, Maurices, Great Clips, AT&T, Hibbett Sports, CATO Fashion, Dollar Tree, Verizon, Hardee’s, Culver’s and a Holiday Inn Express & Suites. The Mitchell Technical Institute is on the northeast corner of the E Spruce Street and 410th Avenue intersection and provides a consistent flow of traffic to Whiskey Creek Grill. There is a small pocket of retail and hotels in front of the Institute, home to a Comfort Inn & Suites, a Hampton Inn and Ruby Tuesday, Taco Bell, Quizno’s and Mattress Firm. Whiskey Creek Plaza is 100 percent occupied by a strong mix of local and national tenants, Whiskey Creek Wood Fire Grill, Crickey Wireless and Avera Health. Whiskey Creek has been a staple to the Mitchell, South Dakota market for more than 10 years now and continues to create distinctive food for their guests. All of the leases are triple net with each tenant fully reimbursing for their pro rata share of all expenses. The investment offers an ideal hedge against inflation in the form of the scheduled future rent increases, with Cricket Wireless having annual rent increases starting in each option period, and with both Whiskey Creek and Avera Health having rent increases in their options. There is no lease rollover risk in 2019 for the center providing a future investor with a fully stabilized investment with potential upside in capturing future rent increases.