700 11th St SW Spencer, IA 51301

Building Details

Year Built

1999

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

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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

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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.