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Former Rex Building 3301 Singing Hills Blvd 11,946 SF Retail Building Sioux City, IA 51106 $2,000,000 ($167.42/SF)
Investment Highlights
- Long-term lease with the U.S. Government provides exceptional credit quality and income security
- Retail tenant exercised a 5-year renewal in 2023, underscoring location strength and tenant satisfaction
- Combination of retail and government office tenancy reduces reliance on a single market segment
- Fully occupied with established tenants and remaining lease term in place, no near-term vacancy risk
- Simplified lease structure reduces expense volatility and enhances net operating predictability
- Situated on a major Sioux City thoroughfare, supporting long-term tenant viability and future leasing demand
Executive Summary
This ±11,946 SF, fully leased, two-tenant commercial building is strategically positioned along a major commercial thoroughfare in Sioux City, Iowa, offering excellent visibility and accessibility. The property provides a strong blend of retail and office tenancy, delivering both diversification and stability for investors.
The front ±4,100 SF retail suite has been successfully occupied by a well-established golf specialty retailer since 2018. Demonstrating long-term commitment to the location, the tenant exercised its 5-year lease renewal in 2023, reinforcing income durability.
The rear ±7,857 SF office space is leased to the U.S. Government Services Administration (GSA), a premier credit tenant, under a 15-year lease commenced in 2019, with 7 years firm. Both leases are structured as modified gross, offering operational simplicity and predictable cash flow.
With stable tenancy, strong lease terms, and a high-traffic location, this asset represents a low-risk, income-oriented investment opportunity ideally suited for both private and institutional buyers.
The front ±4,100 SF retail suite has been successfully occupied by a well-established golf specialty retailer since 2018. Demonstrating long-term commitment to the location, the tenant exercised its 5-year lease renewal in 2023, reinforcing income durability.
The rear ±7,857 SF office space is leased to the U.S. Government Services Administration (GSA), a premier credit tenant, under a 15-year lease commenced in 2019, with 7 years firm. Both leases are structured as modified gross, offering operational simplicity and predictable cash flow.
With stable tenancy, strong lease terms, and a high-traffic location, this asset represents a low-risk, income-oriented investment opportunity ideally suited for both private and institutional buyers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,946 SF
Building Class
B
Year Built
2001
Price
$2,000,000
Price Per SF
$167.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.14 AC
Zoning
C
Parking
60 Spaces (5.02 Spaces per 1,000 SF Leased)
Frontage
139’ on Singing Hills Blvd
Amenities
- Pylon Sign
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 884718155001 | Improvements Assessment | $969,100 |
| Land Assessment | $670,400 | Total Assessment | $1,639,500 |
Property Taxes
Parcel Number
884718155001
Land Assessment
$670,400
Improvements Assessment
$969,100
Total Assessment
$1,639,500
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Presented by
LPT Realty
Former Rex Building | 3301 Singing Hills Blvd
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