CLIFF AVENUE PLAZA MULTI-TENANT RETAIL …...2014 165,800 240,202 2017 178,500 261,400 Sioux Falls...

LLOYDC O M P A N I E S

CLIFF AVENUE PLAZA MULTI-TENANT RETAIL STRIP CENTER FOR SALE | SIOUX FALLS, SD

EMPORIUM ON 41ST3709 W 41ST STREET, S IOUX FALLS, SD 57106

LLOYDC O M P A N I E S

CLIFF AVENUE PLAZA MULTI-TENANT RETAIL STRIP CENTER FOR SALE | SIOUX FALLS, SD

101 S. Reid Street, Suite 201, Sioux Falls, SD 57103Information herein is deemed reliable, but not guaranteed.

41ST STREET PROPERTY FOR SALE

[email protected]

605-728-9092

RAQUEL BLOUNT, S IORVP OF COMMERCIAL REAL ESTATE

Investment Summary

Sale Price $5,950,000

Building Size Approximately 19,198 SF

(18,120 RSF +/- with a 1,078 SF

+/- storage room)

Site Size 74,760 SF (1.72 Acres)

Parking Concrete Parking Lot

Approximately 98 on-site in

concrete parking lot

Year Built 2005

Zoning C-4 Commercial

Access From 41st Street

Lloyd Companies is pleased to present the opportunity to acquire an optimal retail property near the state’s busiest intersection

of 41st & Louise Avenue and South Dakota’s highest grossing retail area. This property has convenient access to Interstate 29

and is in front of the Empire Mall.

EMPORIUM ON 41STLLOYDC O M P A N I E S

INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.Lloyd Companies | 101 S. Reid Street, Suite 201 | Sioux Falls, SD 57103

INVESTMENT OFFERING

FINANCIAL OVERVIEWEMPORIUM ON 41STLLOYD

C O M P A N I E S

INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED.

SALES PRICE: $5,950,000

BUILDING SIZE: 19,198 SF +/-

PRICE / BUILDING SF: $309.93

SITE SIZE: 74,760 SF (1.72 Acres)

PRICE / SITE SIZE SF: $79.59

YEAR BUILT: 2005

Lloyd Companies | 101 S. Reid Street, Suite 201 | Sioux Falls, SD 57103

TENANT INFOEMPORIUM ON 41STLLOYD

C O M P A N I E S


Guitar Center AT&TAddress: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Base Rent: Lease Type:Option:

Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Base Rent:Lease Type:Option:

3709 W 41st Street

June 30, 2021

5,331 Square Feet

27.7%

$21.00 / SF

NNN

One Option to Renew for a Five Year

Term at $23.00 / SF

3709 W 41st Street

November 30, 20221,898 Square Feet

9.89%

$24.00 / SF

NNN

One Option to Renew for a Three

Year Term at $25.00 / SF



C O M P A N I E S


Color Me Mine Tenant: AvailableAddress: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Base Rent:Lease Type:Option:

Address: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Base Rent:Lease Type:Option:

3709 W 41st Street

September 1, 2021

1,663 Square Feet

8.66%

$16.00 / SF

NNN

None

3709 W 41st Street

TBD

2,928 Square Feet

15.25%

Marketed at $28.00 / SF

NNN

TBD


AVAILABLE


C O M P A N I E S


STORAGE AREAAVAILABLE

Tenant: AvailableAddress: Lease Expiration: Gross Leasable Area: Pro Rata Share of Project: Base Rent:Lease Type:Option:

3709 W 41st Street

TBD

6,300 Square Feet

32.82%

Marketed at $28.00 / SF

NNN

TBD

Tenant: AvailableAddress: Gross Leasable Area: Pro Rata Share of Project: Option:

3709 W 41st Street

1,078 SF

5.62%

TBD

BUILDING PHOTOSEMPORIUM ON 41STLLOYD

C O M P A N I E S


AREA MAPEMPORIUM ON 41STLLOYD

C O M P A N I E S


S M

INN

ES

OTA

AV

ES

MIN

NE

SO

TA A

VE

12TH ST12TH ST10TH ST10TH ST

11

W 41ST ST

S P

OW

DE

RH

OU

SE

RD

S P

OW

DE

RH

OU

SE

RDS

LO

UIS

E A

VE

S C

LIF

F A

VE

S K

IWA

NIS

AV

E

S M

INN

ES

OTA

AV

ES

MIN

NE

SO

TA A

VE

DAKOTA CROSSING

DAWLEY FARMS

THE EMPIRE MALL

41ST & LOUISEOS & OSS & OS

WESTERN MALL

S S

YC

AM

OR

E A

VE

S B

AH

NS

ON

AV

E

EMPIRE EAST

225 STUDENTS225 STUDENTS

755 STUDENTS755 STUDENTSO’GORMAN

SPORTSCOMPLEXSPORTS

COMPLEX

400 BEDS400 BEDS

1,224 STUDENTS1,224 STUDENTS


545 BEDS545 BEDS

THE EDGESDEVELOPMENT

ROOSEVELTHIGH SCHOOL2,134 STUDENTS2,134 STUDENTS

1,997 STUDENTS1,997 STUDENTSWASHINGTON HIGH

1,920 STUDENTS1,920 STUDENTSLINCOLN HIGH

PROPOPROPO

MEDICAL CENTERMEDICAL CENTER

PROPOSEDLAKE LORRAINELAKE LORRAINE

321 STUDENTS321 STUDENTS

NEW TECHNOLOGYHIGH SCHOOL


HEART HOSPITALHEART HOSPITAL


AVAILABLE

SITE AERIALEMPORIUM ON 41STLLOYD

C O M P A N I E S


Concept Plan Only;

Subject to Change


AVAILABLE

BUILDING FLOOR PLANEMPORIUM ON 41STLLOYD

C O M P A N I E S


Concept Plan Only;

Subject to Change


R SCRAPBOOKSTORE

STORAGEAT&T

PORTRAITINNOVATIONS

GUITARCENTER

COLOR MEMINE

AVAILABLE

REGION MAPEMPORIUM ON 41STLLOYD

C O M P A N I E S


SIOUX FALLS

BROOKINGS

WATERTOWN

ABERDEEN

PIERRE

YANKTON

RAPID CITY

N

SIOUX FALLS

3709 W 41ST STREET

NORTHDAKOTA

SOUTHDAKOTA

NEBRASKA

IOWA

MINNESOTA

COLORADO

WYOMING

MONTANA


SIOUX FALLS HIGHLIGHTS / DEMOGRAPHICSEMPORIUM ON 41STLLOYD

C O M P A N I E S


Forbes named Sioux Falls #2 Best Small Places for Business and

Careers, #20 in Job Growth, #30 in Cost of Doing Business, #41 in

Education and #1 in their 2015 top 10 list of Up and Coming Cities for

Recent College Grads.

Forbes has also identified Sioux Falls within the top 5 in the nation for

Best Small Metro for Business and Careers for twelve straight years.

Sioux Falls MSA has the 8th strongest local economy in the US, according

to POLICOM Corporation’s annual economic strength rankings in 2015.

WalletHub ranked Sioux Falls #1 in 2014 for “Wallet Wellness” which

gages the connection between physical, financial and emotional health,

#4 as best city for families in 2016, #4 as best city in America to find a

job in 2015, and #9 for best-run city in America in 2015.

League of American Bicyclists recognized Sioux Falls with a bronze-level

as a bicycle-friendly community.

MoneyRates.com classified Sioux Falls as #7 for Best Cities for Young

Entrepreneurs, in the top 10 nationally for Young Adult Affluence and #2

for Cities with Favorable Business Tax Climates.

Sioux Falls was mentioned as one of 25 happiest, healthiest cities in

America by Prevention Magazine, winning the all-around healthiest

category due to its highest levels of self-reported health. Easy commutes,

low crime and unemployment, and good access to health insurance were

also highly recognized. Healthline also recognized Sioux Falls among their

top 10 list of Healthiest Small Towns in the U.S. in 2016.

In 2016, MSN Money listed Sioux Falls #10 in this list of the 25 Most

Livable Cities in the U.S.

Sioux Falls ranked #8 in 2015 for well-being, according to the

Gallup-Healthways 2015 Well-Being Index.

Livability.com recognized Sioux Falls in the top ten for “Best Place to Live

in 2015”, mentioning its big-city mixture of culture, business and industry.

Sioux Falls came in at #6 in WalletHub’s 2018 Best-Run Cities in America

ranking. The list assessed 150 of the most populated cities nationwide by

comparing the services residents receive against the city's total budget. A

"quality of services" score was calculated according to 35 metrics related

to the categories of financial stability; education; health; safety; economy;

and infrastructure and pollution.

SIOUX FALLS HIGHLIGHTS

PROJECTED POPULATIONYEAR SIOUX FALLS MSA

2020 185,100 285,387

2025 201,800 325,391

2030 217,000 370,693

2035 233,200 422,608

AGE DISTRIBUTIONAGE (YEARS) SIOUX FALLS

0-19 28.1%

20-64 59.2%

65+ 12.6%

POPULATIONYEAR SIOUX FALLS MSA*2010 153,888 228,261

2014 165,800 240,202

2017 178,500 261,400

Sioux Falls is one of the fastest-growing areas in the nation with a population growth rate nearly four

times the national average. As the largest retail center between Denver and the Twin Cities, Sioux Falls

offers the consumer a vast selection of goods with thousands of retail stores scattered throughout the

metro area. Employing approximately 12.4 percent of the metro labor force, the retail sector has a

primary market area of 650,000+ consumers and draws shoppers from a four state area.

Source: City of Sioux Falls Planning Department

http://www.siouxfallsdevelopment.com/demographics.cfm

*Prior to December 31, 1992, the Sioux Falls Metropolitan Statistical Area consisted of Minnehaha County. On December 31, 1992, the Federal

Office of Management and Budget revised the MSA designation to include Lincoln County. The 2005-2012 MSA figures include the counties of

McCook & Turner.

2017 Major Employers:

• Sanford Health - 9,260

• Avera Health - 7,682

• Smithfield Foods - 3,500

• Sioux Falls School District - 3,300

• HyVee Food Stores - 3,222

• Wells Fargo - 2,781

• Citi - 2,100

• Walmart/Sam’s Club - 1,550

• Good Samaritan Society - 1,447


MARKET PROFILEEMPORIUM ON 41STLLOYD

C O M P A N I E S


CLIFF AVENUE PLAZA MULTI-TENANT RETAIL …...2014 165,800 240,202 2017 178,500 261,400 Sioux Falls...

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Transcript of CLIFF AVENUE PLAZA MULTI-TENANT RETAIL …...2014 165,800 240,202 2017 178,500 261,400 Sioux Falls...