410 10th Street SE, Jamestown, ND

Retail for Sale - $3,500,000 - 81,509 Sq. Ft. on 7.02 acres

Agent Info

Michael Houge
NAI Legacy

Property Info

  410 10th Street SE
  Jamestown ND 58401
UpdatedJune 15th, 2022
Building81,509 Sq. Ft.
Land7.02 acres

Attached Documents

Property Description

The center, which totals ± 81,509 SF of single-story gross leasable

area on a ±7.02-acre site, includes tenants with long-term

occupancies reflecting multiple lease extensions: Jasmeria Hair

(Dec 1992 - 29 years), Plaza Barbers (Nov 1996 - 25 years), Miller

Laundry (Nov 1996 - 25 years), True Value Hardware (Nov 1999 -

22 years), Coborn’s d/b/a Cash Wise Foods (Jan 2012 - 10 years

with a Jan 2022 5-year extension). All in-place tenants are on

NNN leases.

Coborn’s has expressed interest in another 5-year lease extension,

bringing the expiration date to Jan 2032 representing 58% of

the GLA. This extension is contingent upon completing a ±7,225

SF ground to be improved with a four-pump gas station and the

completion of cap-ex work including parking lot resurfacing,

parking lot lighting, building exterior, and signage upgrades.

Capital expenditures are estimated at $572K or $7.70 PSF of GLA.