JLL is pleased to exclusively offer Lakeport Commons (the “Property”), a 232,280 square foot dominant regional open air shopping center in Sioux City, Iowa. The Property is 95% leased to a best-in-class tenant roster of national operators and attracts over 4.5 million annual shoppers as the only regional retail corridor for nearly 100 miles pulling from four different states – Iowa, Nebraska, Minnesota, and South Dakota.
The Property’s impressive tenant roster is further bolstered by the recent addition of Aldi and Ross Dress for Less, who recently signed new 10-year leases opening new locations within the market. Lakeport Commons provides investors the rare opportunity to acquire a dominant grocery anchored shopping center asset with strong national credit and limited competition in an expansive trade area.
- New 10 Year Leases with Aldi, Ross & Boot Barn
- 4.5 Million Annual Visitors with Over 100 Mile Trade Area Draw
- Dominant Regional Center with Incredible Leasing Velocity
- 6.0 Years WALT
- Parcel Break Up Strategy
- Over $4mm of Recent Capital Upgrades