1991 Odonnell Rd, Williamsburg, IA 52361
261,831 SF | 73% Leased | Retail Building | Online Auction Sale | Williamsburg, IA 52361
For Sale
Active
27 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 17 days
- Property Type
-
Retail
- Square Feet
- 261,831 SF
Listing Contacts
Jeremy Tipton
Amen Almukhtar
- Property Info
Property Overview
Outlets & Marketplace Williamsburg is a highly visited transitional, hybrid-retail concept with a diverse mix of outlet brands, local shops, restaurants, and more. The 261,831-square-foot, multi-building shopping center is currently 73.42% occupied by a vast array of national and local retailers, creating local and regional draw. Major tenants include Nike Clearance, Under Armour, American Eagle Outfitters, Coach, Columbia Factory Store, Eddie Bauer Outlet, Lee | Wrangler Clearance, Rack Room Shoes, Polo Ralph Lauren, and more. The property presents new ownership with a rare value-add opportunity to acquire a market-dominant retail hub with immense upside through lease-up, adding to the current roster of traffic-driving national brands.
The shopping center is highly visited and fits a much-needed retail niche with limited competition; the nearest outlet mall is 79 miles away. A reported 1.3 million people visited the Outlets & Marketplace Williamsburg in the past 12 months; on average, their visits neared 40 minutes. The property is conveniently located at a signalized intersection, directly off Interstate 80 which sees 59,000 vehicles daily. The center is within driving distance from the University of Iowa and multiple major cities across the Midwest.
The property offers long-term tenancy with an average tenure of 13.1 years. Value-add opportunities exist by leasing the remaining 75,599 square feet. Vacancies range from 1,513 to 6,500 square feet, allowing for a wide range of future tenancy. The center offers amenities to shoppers, including a dog park and Amazon lockers.
Property tours are available by appointment only, please contact the broker to schedule.
The shopping center is highly visited and fits a much-needed retail niche with limited competition; the nearest outlet mall is 79 miles away. A reported 1.3 million people visited the Outlets & Marketplace Williamsburg in the past 12 months; on average, their visits neared 40 minutes. The property is conveniently located at a signalized intersection, directly off Interstate 80 which sees 59,000 vehicles daily. The center is within driving distance from the University of Iowa and multiple major cities across the Midwest.
The property offers long-term tenancy with an average tenure of 13.1 years. Value-add opportunities exist by leasing the remaining 75,599 square feet. Vacancies range from 1,513 to 6,500 square feet, allowing for a wide range of future tenancy. The center offers amenities to shoppers, including a dog park and Amazon lockers.
Property tours are available by appointment only, please contact the broker to schedule.
Property Details
- Class
- C
- Year Built
- 1991
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 1,169,150 SF
Highlights
- Prime location at a signalized intersection with high visibility and direct access and visibility from Interstate 80.
- Unique opportunity to acquire a high-occupancy retail center, with value-add upside through lease-up bolstered by premium national brand presence.
- Ideal collection of brands featuring traffic-drawing stores like Nike, Under Armour, American Eagle, Coach, Lee | Wrangler, Rack Room Shoes, and Polo.
- Offers a 73.42 % occupied hybrid retail concept with an ideal mix of national tenants and non-apparel stores, creating regional and local appeal.
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