2619 8th Ave SW
Jamestown, ND 58401
Walmart Shadow Center | 100% Occ. · Retail Property For Sale

Marcus & Millichap on behalf of ownership, as its exclusive advisor, is pleased to offer for sale the Shoppes at Jamestown in Jamestown, North Dakota. The Shoppes at Jamestown is a neighborhood shopping center shadow anchored by Walmart Supercenter. The property is 20,887 square foot and currently 100% occupied by a variety of national, regional and local tenants. Dollar Tree takes up about 38 percent of the gross leasable area, and has been in place since 2007. Dollar Tree has two renewal options which could keep them there until 2029. The remaining 62 percent of the leasable area is occupied by a variety of national and local small-shop tenants, occupying units ranging from 1,000 to 4,287 square feet. National retailers include AT&T Wireless, Cricket Wireless, and Edward Jones. Six of the eight tenants (85 percent of the GLA) has been in place since 2010 or earlier. Projected Year 1 Cash-on-Cash Return of 12.17 percent and a Total Return of 16.64 percent. The Shoppes at Jamestown is located just west of U.S. Route 281 and less than a mile from Interstate 94. Jamestown is located at the intersection of Interstate 94 and U.S. Route 281, midway between Bismarck and Fargo. The center is surrounded by national and regional retailers including Walmart Supercenter, Menards, Applebee’s, Famous Footwear, Tractor Supply Company, Maurice’s, Dacotah Bank, Goodwill, Burger King, Perkins, Verizon, McDonald’s and many more. The nearby Buffalo Mall, a 215,000 square foot mall, is also a major economic contributor to Jamestown and the surrounding area. Tenants include Dunham’s Sports which was their first store in North Dakota, GNC, Anytime Fitness, Bison Cinema, Riddle’s Jewelry, and a brand new TJ Maxx which will be opening soon. The City of Jamestown is the county seat of Stutsman County, has a strong precision manufacturing base and is home to University of Jamestown. University of Jamestown is a private liberal arts college that has consistently ranked in the Top Tier by U.S. News & World Report in its annual “Best Colleges” ranking. University of Jamestown has also been named a Best Midwestern College by the Princeton Review.