HyVee Grocery Anchored Center 700 22nd Avenue South

Please Download and Complete the Posted Registration, Confidentiality and Non-Disclosure Agreement in order to receive the Offering Memorandum. Contact Todd Blonsley: Email Todd.Blonsley@marcusmillichap.com
Marcus & Millichap is pleased to exclusively present Eastside Commons, the premier grocery anchored retail center in Brookings, South Dakota. The rent roll boasts a tremendous variety of tenants who enjoy a location serving residential neighborhoods as well major businesses, such as the 3M Brookings plant (1,000+ employees). This well-maintained retail center is located near Interstate 29, the north/south corridor linking Sioux Falls (55 miles to the south) and Fargo, North Dakota (149 miles to the north).
The center is anchored by Hy-Vee Grocery Store, Brookings Municipal Liquor Store and Grifols Biomat Plasma Center. Eastside Commons is home to a mix of national brands and local businesses. This grocery-anchored community center is ideally positioned for businesses entering the marketplace, which makes the “value add” component of this investment opportunity extremely attractive for savvy retail development/investment groups.
As of August 2023, the center is approximately 75.5-percent occupied, making the 39,150 square feet of vacancy a tremendous opportunity for an investor to unlock additional cash flow and increase the asset value. The improvements are situated on 13+ acre parcel that provides multiple pad site development opportunities. A new owner can pursue a variety of options including build-to-suits, ground leasing, or pad site sales.
Principal Investors Must Download and Complete the Posted Registration, Confidentiality and Non-Disclosure Agreement in order to receive the Offering Memorandum. Contact Todd Blonsley: Email Todd.Blonsley@marcusmillichap.com