2619 8th Ave SW
Jamestown, ND 58401
Walmart Shadow Anchored Center Jamestown, ND · Retail Property For Sale

Marcus & Millichap is pleased to bring to market The Shoppes at Jamestown, a Walmart Shadow Anchored Shopping Center comprised of 20,887 square-feet in Jamestown, North Dakota. Jamestown is a county seat of Stutsman County and located 90-miles west of Fargo – the largest city in North Dakota. The subject property was constructed in 2009 is positioned along US Route-281 on approximately 1.71 acres with great signage and visibility directly in front of a Walmart Super Center. The Shoppes at Jamestown is currently 100 percent leased with all tenants under triple-net leases except Dollar Tree and Simply Home. The national and regional tenants include Dollar Tree, AT&T, Edward Jones, Rock 30 Games and Cricket Wireless generate 63 percent of the current income. Six of the eight tenants which total 85 percent of the GLA have occupied space since the building was constructed. Strong retail demand within this growing market was proven earlier this year as AT&T signed a three-year triple-net lease for 1,200 square-feet at $18.00 per foot compared to $10.75 per foot under similar lease terms that Rock 30 Games signed in 2009. The tenant base consists of a complimentary mix of local, regional and national tenants that supplies the city’s consumers with a wide range of products and services to meet the needs of its residents. Some of these needs include a Mexican restaurant, nail salon and a coffee shop. This Walmart Shadow Anchored Shopping Center benefits from being positioned off of Interstate-94 along US-281, a four-lane US highway with a signalized intersection and dedicated turn lanes into the center. Along with the Walmart Supercenter, additional traffic drivers within the corridor include Applebee’s, Dacotah Bank, Hampton Inn & Suites, Perkins Restaurant & Bakery, Burger King and Quality Inn & Suites. Adjacent to the Walmart Supercenter is Buffalo Mall, a 215,000-square foot mall anchored by Home of Economy, Dunham’s Sports and Bison 6 Cinema. Recent development behind the Buffalo Mall include Menard’s (2015), Fairfield Inn & Suites by Marriott (2015) and Tractor Supply Company (2016). Behind this newer development is the I-94 Business Park, 30-acres with only three available lots of the original 25. Located a few miles west, the award-winning Jamestown Regional Medical Center was completed in 2012 and Modern Healthcare named JRMC one of the Best Places to Work in Healthcare in 2017. JRMC was the only organization in North Dakota and South Dakota to receive the award in 2017. In 2016, JRMC was named one of iVantage Health Analytics’ Top 100 Critical Access Hospitals (CAHs) in the United States. The city of Jamestown is the county seat of Stutsman County. Jamestown has a strong precision manufacturing base as well as food processing, agriculture, retail and wholesale businesses. Notable companies headquartered in Jamestown include Agri-Cover, Inc., DuraTech Industries, and Midwestern Machine, and additional major employers include Cavendish Farms and UTC Aerospace Systems, the state’s largest aerospace manufacturer. The University of Jamestown is a private liberal arts college has roughly 1,000 students and is preparing for the new Harold Newman Arena, a $16 million project which should be completed this August. Additionally, the Jamestown Regional Airport Authority recently approved a $3 million capital improvement plan for 2018. This Walmart Shadow Anchored Shopping Center has seen strong historical occupancy and a prominent location within the growing market provides it the ability to continue to be an integral part of the shopping center community for residents and travelers alike.