Walmart Shadow Center

Walmart Shadow Center

301 & 401 40TH Avenue SW
Minot, ND

Price: $4,280,000
Cap: 7.50%
NOI: $320,688
Building Size: 36,800
Lot Size: 10.43 AC.

Investment Highlights

WALMART SHADOW CENTER
• The subject property is a 100% occupied, 36,800 square foot shadow anchored retail center located in Minot, ND
• The shopping center has been anchored by a Walmart Supercenter for the last 19 years | Walmart owns the Walmart Real Estate
• #1 Walmart in North Dakota, driving consistent foot traffic and tenant success
• Primary Retail Corridor | Surrounding Retailers include Home Depot, Menard’s, Culver’s, Verizon, and others.

HIGH PREFORMING WALMART SHADOW CENTER
• The Walmart ranks as the #1 Walmart in North Dakota
• The Walmart ranks in the top 9% nationally
• The Walmart serves Minot and surrounding cities.

SEASONED TENANT LINE & NATIONAL TENANT LINEUP
• 48% of the center is leased to strong regional and national brands
• Dollar Tree and GameStop are seasoned, high-performing tenants in this center
• Average Tenant Occupancy: 15 Years
• The dominant presence of Walmart continues to drive consistent foot traffic and tenant success.

MINOT, ND
• Minot is the county seat of Ward County, North Dakota, and is home to Minot Air Force Base
• Prominent industries in Minot includes energy, agriculture, manufacturing, and logistics
• As the fourth most populous city in the state, Minot offers a robust consumer base for retailers
• The Minot Air Force Base, employing over 10,000 personnel

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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