WEST SIDE COMMONS, HIBBING, MN

PRIME RETAIL SPACE
WEST SIDE COMMONS, HIBBING, MN
COMMERCIAL REAL ESTATE | BUSINESS BROKERAGE | LAND & BUILDING DEVELOPMENT
INVESTMENT & INCOME PROPERTIES | TAX DEFERRAL STRATEGIES
WEST SIDE COMMONS, HIBBING, MN
{ Table of Contents }
Page 3, 4
5
6
7
8, 9
10
11
12
13
14
15
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Features
Lease Space
Site Plan
Photos
Aerial Photos
Signage
Traffic Counts
Location Map
Demographics
Thank You
Agency Disclosure
Contact
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
2
WEST SIDE COMMONS, HIBBING, MN
{ Features }
Prime Retail
Location.
Enjoy FREE Rent for 3
Months when you join
the growing Hibbing
business community!
The West Side
Commons is a newer
retail center located near
Super Wal-Mart and
Lowe’s, along the busy
Hwy 169 corridor! Now
is the time to move or expand your business to this highly visible, high-traffic location where
you will benefit from the synergistic neighbors within the center and also from the big box
retailers nearby.
Location:
Southwest corner of Hwy 169 and Hwy 73, Hibbing, MN 55746
Directions:
From town, go south on Hwy 169 (1st Avenue), continue west on
Hwy 169, go past the Irongate Mall to the intersection of Hwy 73
and Hwy 169, West Side Commons is on the Southwest corner
Lease Space Available:
Suite 3:
Suite 4:
Lease Rate:
1,400 sq. ft.
4,200 sq. ft.
3 MONTHS FREE RENT!!
$16.00-$17.00/sq. ft. Triple Net
2014 Operating Expenses: $5.77/sq. ft./Year
Lease Terms:
3 - 5 Years
Build-Out:
“Turn-Key”
Water & Sewer:
City
Continued on following page.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
3
WEST SIDE COMMONS, HIBBING, MN
{ Features }
Heating/Cooling:
Natural Gas Forced Air
Parking:
86 Paved parking stalls
Primary Access:
Hwy 73 - adjacent to the Wal-Mart entrance
Frontage:
Along the corner of Hwy 169 and Hwy 73
Neighboring Businesses:
Located along the Hwy 169 corridor, neighboring businesses
include Wal-Mart, Lowe’s, Mann Theaters, Murphy Oil Company,
Sun of a Beach Liquors, KFC, the tenants of Irongate Plaza, the
tenants of Hibbing Marketplace, plus many others.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
4
WEST SIDE COMMONS, HIBBING, MN
{ Lease Space }
Available Space
2,722 SF GAME STOP
4,200 SF AVAILABLE
1,400 SF AVAILABLE
Tenant
Suite
SF
Rent PSF
Dollar Tree
1
10,080
LEASED
Fantastic Sams
2
1,260
LEASED
VACANT
3
1,400
$16.00-$17.00/SF
VACANT
4
4,200
$16.00-$17.00/SF
Game Stop
5&6
2,722
LEASED
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
5
WEST SIDE COMMONS, HIBBING, MN
{ Site Plan }
2,722
4,200 SF Tenant #4
1,400 SF Tenant #3
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
6
WEST SIDE COMMONS, HIBBING, MN
{ Site Photos }
Entire Westside Commons Retail Center
Retail Center Anchor
Available Space at Center
Pylon Sign for Center
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
7
WEST SIDE COMMONS, HIBBING, MN
{ Aerial Photos }
N
Hibbing
Marketplace
16,000 VPD
3
Hwy 7
Irongate Plaza
IRONGATE AVE
NE
WB
UR
G
RD
Range Spine
Center
Hwy 169
Westside
Commons
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
8
WEST SIDE COMMONS, HIBBING, MN
{ Aerial Photos }
Westside Commons
HWY 169
73
Wal-Mart
H
W
Y
JC Penney’s
Irongate Mall
Westside Commons
73
HWY
HW
Y1
69
Wal-Mart
Lowe’s
Mann Theaters
Irongate Plaza
Hibbing Marketplace
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
9
WEST SIDE COMMONS, HIBBING, MN
{ Signage }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
10
WEST SIDE COMMONS, HIBBING, MN
{ Traffic Counts }
2009 Counts from MNDOT
Hibbing Traffic Counts: 15,100 on Hwy 169
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
11
WEST SIDE COMMONS, HIBBING, MN
{ Location Map }
North
South
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
12
WEST SIDE COMMONS, HIBBING, MN
{ Demographics }
Overview: Surrounded by the beauty of the north woods and a chain of lakes, Hibbing offers a variety
of year-round recreation. With a population of more than 17,000, this attractive community is small
enough to offer a comfortable, traditional lifestyle, while large enough to serve as a regional center for
employment, education, transportation services, retail, health care, professional services, government
and industry.
2013 Population:
17,348
Households in 2013:
7,880
2013 Median Household Income: $38,521
2006 Retail Sales:
Community:
County:
$332,865,465
$2,601,416,536
County:
St. Louis
Region:
Northeast
Distance from Minneapolis:
192 Miles
Distance from nearest MSA:
70 Miles from Duluth-Superior MSA
Website:
www.hibbing.mn.us
Major Employers (with 75 or more employees):
Fairview University Medical Center - Mesabi
Hibbing Taconite Co.
Wal-Mart
Hibbing Public Schools - ISD #701
Hibbing Community College
Leisure Hills
L&M Radiator Inc
Minnesota Diversified Industries
SMDC - Duluth Clinic - Hibbing
Fairview - Mesaba Clinic
Super One
Manny’s Shopper Inc
Hibbing Park Hotel
# of Employees
908
720
425
400
225
204
166
138
136
125
115
100
88
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
13
WEST SIDE COMMONS, HIBBING, MN
{ Thank You }
Thank you for considering this Close - Converse opportunity
Close - Converse is pleased to present this real estate opportunity for your review. It is our intention to
provide you with the breadth of information and data that will allow you to make an informed decision.
We are here to help
Please review this package and contact us with any questions you may have. We are prepared to discuss
how this property meets your needs and desires. Facts, figures and background information will aid in
your decision. Should you need specialized counsel in the areas of taxation, law, finance, or other areas
of professional expertise, we will be happy to work with your advisor or, we can recommend competent
professionals.
How to acquire this opportunity
When you have made a decision to move forward, we can help structure a proposal that covers all the
complexities of a commercial real estate transaction. As seller’s representatives, we know the seller’s
specific needs and can tailor a proposal that expresses your desires, provides appropriate contingencies
for due diligence and results in a win-win transaction for all parties.
Agency and you
Generally, we are retained by sellers or landlords to represent them in the packaging and marketing of
their commercial, investment or development real estate. You are encouraged to review the Minnesota
disclosure form “Agency Relationships in Real Estate Transactions” which is enclosed at the end of this
package. If you have questions about agency and how it relates to your search for the right property,
please ask us. We will answer all your questions and review the alternatives.
Should you wish to pursue this opportunity, please acknowledge your review of “Agency Relationships”
by signing, dating and returning it to us.
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
14
WEST SIDE COMMONS, HIBBING, MN
{ Agency Disclosure }
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
15
WEST SIDE COMMONS, HIBBING, MN
{ Contact }
Address:
521 Charles Street
PO Box 327
Brainerd, MN 56401
Telephone:
218-828-3334
Fax:
218-828-4330
Website:
www.closeconverse.com
You may also contact the following members of the
Close~Converse team by cell phone or email.
Nate Grotzke, CCIM 218-838-1000 cell
[email protected]
Tim Miller
218-838-8772 cell
[email protected]
Chris Close, CCIM
218-831-7510 cell
[email protected]
Kevin Close
218-831-3077 cell
[email protected]
Jody Osterloh
218-831-0712 cell
[email protected]
Rod Osterloh
218-831-1301 cell
[email protected]
521 CHARLES STREET | PO BOX 327 | BRAINERD, MN 56401 | 218-828-3334
© 2011 Close~Converse: The above information has been obtained from the property owner or other sources that we deem reliable, however, neither
the owner nor Close~Converse Commercial & Preferred Properties, guarantees the accuracy of such information. No part of this information may be
reproduced, adapted, or transmitted without the prior written consent of Close~Converse Commercial & Preferred Properties.
www.closeconverse.com
16