410 10th Street SE, Jamestown, ND
Retail for Sale - $3,500,000 - 81,509 Sq. Ft. on 7.02 acres
Property Info
CIMLS# | 1123289 |
Location 410 10th Street SE Jamestown ND 58401 | |
Updated | June 15th, 2022 |
Type | Retail |
Price | $3,500,000 |
Building | 81,509 Sq. Ft. |
Land | 7.02 acres |
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.