Anchored Retail Center For
For Sale
Contact for pricing
700 11th St SW, Spencer, IA 51301
Retail center with national tenants and minimal landlord responsibilities.
Property Size42,756 SF
Price / SF$124.81
Days on Market147
Property Features for 700 11th St SW
General Information
Standard status
Active
Size
42,756 SF
Property subtype
Retail
Building Details
Year Built
1999
Listing Agency:
SAB Capital
Listed By:
Michael Soleimani · License #NY 10401294940
Source:
Crexi
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 28 at 11:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB Capital
Investment Insights
Based on property information with market context.
This retail property is situated on the main retail corridor in Spencer. The location provides tenant appeal and long-term real estate value. The property is anchored by TJ Maxx, which has an S&P Credit Rating of "A" and over 1,300 locations nationwide. According to Placer.ai, the TJ Maxx location experiences over 295,000 annual visitors. The tenancy mix includes national tenants occupying 80% of the gross leasable area (GLA), such as TJ Maxx, Maurices, Cricket Wireless, and Rent-A-Center. All tenants operate under NNN leases, which limits landlord exposure to expenses. Recent capital improvements include a full parking lot replacement in 2023, West Wing roof replacement in 2025, East Wing roof replacement in 2023, and partial TJ Maxx roof replacement in 2025. The property contains 42,756 square feet.
Key Highlights
- High Credit Anchor Tenant: TJ Maxx (S&P Credit Rating "A") committed to a long‑term lease.
- Prime Location: Situated on the main retail corridor in Spencer.
- Minimal Landlord Responsibilities: All tenants operate under NNN leases.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
233k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 25%
Superstores 23%
Home Improvements & Furnishings 23%
Apparel 18%
Walmart
Superstores
53,407 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
35,719 visits/mo
0.3 miles
T.J. Maxx
Apparel
25,124 visits/mo
0.3 miles
McDonald's
Dining
22,426 visits/mo
0.3 miles
Bomgaars
Home Improvements & Furnishings
16,967 visits/mo
0.2 miles
Demographics for 51301, IA
12,606
Population
6,096
Households
2.1
Avg Household Size
43
Median Age
28%
College-Educated
95%
High-School Grad
157.7 sq mi
ZIP Area
80
Density / Sq Mi
$61,175
Median Household Income
$38,961
Median Earnings
$796
Median Rent
$180,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southpark Mall — 901 11th St SW, Spencer, IA 51301
- Fabric Warehouse — 10 11th st se, spencer, ia 51301
- Coinstar Kiosk | Bitcoin ATM — 500 11th St SW, Spencer, IA 51301
- Coinstar Kiosk — 500 11th st sw, spencer, ia 51301
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with national tenants and minimal landlord responsibilities.
Where is this shopping center located?
The property is located at 700 11th St SW Spencer, IA.
What is the asking price?
The asking price for this property is $5,336,500.
What are key features of this property?
This property features: High Credit Anchor Tenant: TJ Maxx (S&P Credit Rating "A") committed to a long‑term lease.; Prime Location: Situated on the main retail corridor in Spencer.; Minimal Landlord Responsibilities: All tenants operate under NNN leases.
