1901 Cornhusker Dr
South Sioux City, NE 68776

Cardinal Pointe -100% Leased Walmart Shadow Center For sale to qualified investors is the fee-simple interest in Cardinal Pointe, a 100% leased Walmart SuperCenter shadow-anchored shopping center in South Sioux City, Nebraska. The property is being offered at an 8% cap rate and corresponding price of $4,097,000. This reflects a value of $100 per square foot, below its current replacement cost and considerably less than other similar properties on the market. Built in 2006, the property features quality block construction with attractive metal awnings, pylon signage, and consists of a main strip center with smaller 6,400-square-foot outparcel building. Leased to 70% national tenants, the average base rent in the property is only $10.60 per-square-foot, which provides upside to the new investor to increase rents as tenants renew or are replaced. Additional opportunity may also exist to add a second outparcel building on the south end of the site. The property sits immediately adjacent to Walmart SuperCenter' s storefront, and both properties share cross-easement access with one another, allowing the two properties to function as a single shopping center. South Sioux City is a city in Dakota County, Nebraska. It is located immediately across the Missouri River from Sioux City, Iowa, and is part of the Sioux City, IA-NE-SD Metropolitan Statistical Area. The MSA has a population of over 168,000 residents, while South Sioux City itself is the 14th largest city in Nebraska. The Sioux City area has been recognized by Money Magazine in its issue of "Best Places To Live". The Sioux City Tri-State Metropolitan Area was also recognized by Site Selection as the top economic development community in the United States for communities with populations between 50,000 and 200,000 people. In March 2013, Site Selection also recognized Sioux City as the 4th Top Metro area in the Midwest Region. Forbes has also placed the Sioux City metro in the Top 15 Best Small Places for businesses and careers. Other nearby tenants include Autozone, Wendy' s, KFC, Burger King, Walgreens, Hy-vee Grocery Store, Summit Health, and others.