Anchored Retail Center For
700 11th St SW, Spencer, IA 51301
Retail center with national tenants and minimal landlord responsibilities.
Type:Retail
Property size:
42,756 SFPrice / SF:
$124/SF- Added:
- Mar 11, 2026
- Days on Market:
- 74
- Last Refresh:
- Mar 19 at 10:04 pm
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 agent Michael Soleimani License #NY 10401294940
Listing office SAB Capital
Listing date Mar 11, 2026
Source Crexi
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
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.
- Only TJ Maxx within a 50‑Mile Radius: Experiences over 295,000+ Annual Visitors.
- Strong Tenancy Mix: 80% of GLA occupied by National Tenants (TJ Maxx, Maurices, Cricket Wireless, Rent‑A‑Center).
- Recent Capital Improvements: Parking lot and roofs replaced/partially replaced in 2023 and 2025.
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Spencer Nails
Nail Salon
Cricket Wireless Authorized ...
Mobile Phone Store
Cast Glass Forms
Auto Repair Shop
T.J. Maxx
Department Store
Maurices
Clothing & Fashion Store
Similar Places Nearby
- Southpark Mall — 901 11th St SW, Spencer, IA 51301
- Coinstar Kiosk | Bitcoin ATM — 500 11th St SW, Spencer, IA 51301
- Coinstar Kiosk — 500 11th st sw, spencer, ia 51301
Location Insight
- Map
- Local Demand
- City
- Spencer
- County
- Clay
- State
- Iowa
- Longitude
- -95.148447
- Latitude
- 43.125877
Nearby Similar for Sale
FAQs
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.
