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

CIMLS#1123289
Location
  410 10th Street SE
  Jamestown ND 58401
UpdatedMay 11th, 2022
TypeRetail
Price$3,500,000
Building81,509 Sq. Ft.
Land7.02 acres

Contact


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.