WESTERN MALL INVESTMENT PROPERTY FOR SALE - 2101 w. 41st street | sioux falls, sd 57105
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WESTERN MALL 2101 W. 41ST STREET | SIOUX FALLS, SD 57105 INVESTMENT PROPERTY FOR SALE
This Confidential Offering Memorandum (“COM”) is provided by Lloyd Real Estate, LLC, DBA, Lloyd Companies, solely for your consideration of the
opportunity to acquire the commercial property described herein (the “Property”). This COM may be used only as stated herein and shall not be used for
any other purpose, or in any other manner, without prior written authorization and consent of Lloyd Companies.
This COM does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM contains descriptive materials, financial
information and other data compiled by Lloyd Companies for the convenience of parties who may be interested in the Property. Such information is not
all inclusive and is not represented to include all information that may be material to an evaluation of the acquisition opportunity presented. Lloyd
Companies has not independently verified any of the information contained herein and makes no representations or warranties of any kind concerning
the accuracy or completeness thereof. All summaries and discussions of
documentation and/or financial information contained herein are qualified in their entirety by reference to the actual documents and/or financial
statements, which upon request may be made available. An interested party must conduct its own independent investigation and verification of any
information the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon Lloyd Companies.
The Property may be withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number of interested parties at
any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warranty of any kind except for any
customary warranties of title.
CONFIDENTIALITY AND RESTRICTED USE AGREEMENT
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
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SOUTH VIEW
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
QUICK FACTS
Address: Zoning:
2101 W. 41st Street, Sioux Falls, SD 57105 C-4 Commercial
Parcel ID(s): Parking:
52859, 67777, 74649 2,075 total spaces, 44 handicap spaces
Anchor Tenants: Traffic Counts 2020:
Scheel’s (Ground Lease), Best Buy, SD Furniture Mart, Carpet 31,900 at the intersection of 41st Street & Western Avenue
One, All Day Cafe, and Western 7 Theaters Financing:
Gross Leasable Area (GLA): This property will be offered free and clear of existing debts.
+/- 387,621 *Does not include square footage of Scheels building Proforma Gross Potential Income:
Gross Building Square Footage (GBA): $3,556,133
+/- 419,600 *Does not include square footage of Scheels building Proforma Net Operating Income:
Scheels Building Square Footage: $3,257,343
+/- 222,870 Proforma Cap Rate:
Land Area: 6.52%
+/- 31.20 Acres Asking Price:
Occupancy: $49,950,000
98.12% Asking Price Per Gross Leasable Area:
Year Built: $128.86 / GLA *Does not include square footage of Scheels building
Main Mall - 1968 with several upgrades/renovations over the years
Scheels - 2002/2003 with an expansion in 2014/2015
KEY NOTES
• The Asking Price is significantly below the development replacement cost at a price of $128.86 / GLA. This does not even factor the
gross square footage of the entire mall or the square footage of the Scheels building.
• Desirable and irreplaceable central location. The total asking price of $49,950,000 only equates to $36.75 / SF on the overall parcel
size of the land for a site located at the intersection of 41st Street in Western Avenue in Sioux Falls, South Dakota.
• Upside value-add opportunities with below market rents for amongst the tenant mix.
• Diverse tenant mix ranging from well-known national brands to locally-owned community favorites.
SUMMARY
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
REAL ESTATE TAXES
The Western Mall is located in the city of Sioux Falls and the county of Minnehaha. Real Estates in Minnehaha County and the
state of South Dakota are paid in arrears. For example, the real estate tax bills relating to 2020 are paid in 2021.
Taxes in South Dakota are due and payable on the first of January following the assessed year. However, first half tax
payments are accepted through April 30th without penalty. Second half of taxes will be accepted through October 31st without
penalty.
The State of South Dakota operates on a fiscal year that begins on July 1st and ends on June 30th of the following year. Final
property tax statements are typically sent out in the late fall, ahead of the January 1st due date.
The County Assessor is responsible for the appraisal and assessment of property, while the Treasurer’s Office is responsible
for billing and collection of taxes based on assessments.
RECENT IMPROVEMENTS
• Year 2015 – South Mall Exterior Updates - New Landscaping in areas
• Year 2017 – Transformer & Electrical Panel Replacement - Replaced Best Buy Roof-Top-Units
• Year 2018 – Public Restroom Remodel - 41st LED Sign Renovation - Southside Mall Remodel
• Year 2019 – Replaced Common Area Hallway Carpet - Parking Lot Crack Seal
Majority of the roof was replaced, several RTU’s replaced, updated/replaced pylon signage
• Year 2020 – Parking Lot Repairs & Replacements - Replaced Parking Lot Lights
• Year 2021 – Building Expansion for 605 Ninja
SUMMARY CONTD.
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
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WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
41ST STREET W
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WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
SITE AERIAL CONTD. WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
WESTERN MALL
2,075 Total Parking Spaces
44 Handicap Spaces
SITE PLAN
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
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NORTHWEST VIEW
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 5710508
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1. Best Buy 17. SD Furniture Mart 28. PaPa Murphy’s 38. Electric Rainbow 112. Kerher Capital
2. Lucky Krusers 20. Carpet One 29A. FSBO 39. CPM Fitness 113. Marshak Kadilek
3. Revelations Hair Salon 21. Midwest Gold Silver 29B. A&R Workshop 41. Steinbergs Strength 114. Howard Insurance
4. Pascoe Chiropractic 22. Edward Jones 30. Nothing Bundt Cakes 42/44/49/50. Spaders 2000. Samp Law Offices
5. Pascoe Chiropractic 23. Reach Literacy 31. The Man Salon 43. VACANT 2020. Weight Watchers
6. Brodie Wellness Center 24. WAM, LLC 33. Westmall 7 Theaters 45. Kingdom Hub Midwest NA. Verizon Wireless
7. Bliss & Beauty 25. Prairie Berry/Miner Brewing 34. Great Western Data Bank 46/47. Sioux Falls School NA. First National Bank
8. 605 Meeting Rooms 25A. Scheels 34A. Bjorn Lervik 51. Crisp & Green Suite B. SD Lottery Division
9. Crystal Rock Healing 25A. Scheels - Warehouse 35. Mall Warehouse *Maint. 53. Eileen’s Cookies
10. VACANT 26. Kids 2 College 36. Steinbergs Strength 54. Potbelly
11. Reiersons 27. HuHot Mongolian Grill 37. Hoovers Taekwondo 111. Charisma Property Management
FLOOR PLAN
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105W. 41ST STREET
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WESTERN MALL
OVERHEAD VIEW
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105SITE PICTURES WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
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SOUTHWEST VIEW
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105The Western Mall is conveniently located along 41st street with 22,142 vehicles per day. The Western Mall brings people from the tri-state region
including southwest Minnesota, northwest Iowa, and eastern South Dakota, and is the one of the premier shopping destinations of South Dakota.
Located near I-229, and I-29 near the Empire Mall, the Western Mall is easily accessible for travelers and shoppers. The Western Mall is home to over
50 tenants ranging from a movie theater, restaurants, eyebrow threading, retail sales, furniture, sporting goods, and so much more!
Sioux Falls is the most populous city in South Dakota, and the Sioux Falls metro area accounts for more than 30% of the state’s entire population.
Chartered in 1856 on the banks of the Big Sioux River, the city is situated in the rolling hills at the junction of interstates 29 and 90.
WESTERN MALL
PROJECT LOCATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105ABERDEEN
WATERTOWN
27,200 CPD 53,320 CPD PIERRE BROOKINGS
RAPID CITY
S KIWANIS AVE
SIOUX FALLS
WESTERN MALL
YANKTON
15,400 CPD
LAKE LORRAINE
20,200 CPD
27,700 CPD
12,100 CPD
23,100 CPD 32,300 CPD 36,800 CPD 22,200 CPD 20,700 CPD
W 41st STREET
14,200 CPD WESTERN MALL 24,600 CPD
THE EMPIRE MALL
EMPIRE EAST
22,700 CPD
WESTERN MALL
S MARION RD
MINNESOTA A
S LOUISE AVE
12,500 CPD 18,900 CPD WESTERN MALL
13,500 CPD
49TH STREET
10,500 CPD
46,060 CPD
26,700 CPD
20,800 CPD
S WESTERN
VE
20,800 CPD
18,800 CPD 17,500 CPD 14,800 CPD
18,200 CPD
W 57 TH
STREET 17,100 CPD
26,700 CPD
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AREA MAP
30,100 CPD
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105Sioux Falls is one of the fastest-growing areas in the nation with a population growth rate nearly four times the national average. As the
largest retail center between Denver and the Twin Cities, Sioux Falls offers the consumer a vast selection of goods with thousands of retail
stores scattered throughout the metro area. Employing approximately 12.4 percent of the metro labor force, the retail sector has a primary
market area of 650,000+ consumers and draws shoppers from a four state area.
Source: City of Sioux Falls Planning Development
http://www.siouxfallsdevelopment.com/demographics.cfm
*Prior to December 31, 1992, the Sioux Falls Metropolitan Statistical Area consisted of Minnehaha County. On December 31, 1992, the Federal Office of Management and Budget revised
the MSA designation to include Lincoln County. The 2005-2012 MSA figures include the countless of McCook & Turner.
Major Employers:
• Sanford Health - 9,542 • Sioux Falls School District - 3,400 • Citi - 1,800
• Avera Health - 8,298 • HyVee Food Stores - 3,116 • Good Samaritan Society - 1,500
• Smithfield Foods - 3,600 • Wells Fargo - 2,262 • Walmart/Sam’s Club - 1,460
POPULATION
YEAR SIOUX FALLS MSA*
2010 153,888 228,261
2014 165,800 240,202
2020 190,750 285,387
PROJECTED POPULATION FALLS PARK - COURTESY OF EXPERIENCE SIOUX FALLS
YEAR SIOUX FALLS MSA
2025 201,800 325,391
2030 217,000 370,693
2035 233,200 422,608
AGE DISTRIBUTION
AGE (YEARS) SIOUX FALLS
0-19 28.1%
20-64 59.2%
65+ 12.6% ARC OF DREAMS
SIOUX FALLS MSA DEMOGRAPHICS
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105Farmers Insurance Group Latitude: 43.51319
Rings: 1, 3, 5 mile radii Longitude: -96.75452
1 mile 3 miles 5 miles
Population Summary
2000 Total Population 8,131 73,042 121,568
2010 Total Population 7,736 82,514 147,486
2021 Total Population 8,836 94,810 179,162
2021 Group Quarters 800 3,037 5,840
2026 Total Population 9,403 102,712 195,062
2021-2026 Annual Rate 1.25% 1.61% 1.72%
2021 Total Daytime Population 13,592 116,611 189,103
Workers 9,556 74,761 110,910
Residents 4,036 41,850 78,193
Household Summary
2000 Households 3,820 30,785 49,025
2000 Average Household Size 1.91 2.28 2.39
2010 Households 3,755 35,078 59,492
2010 Average Household Size 1.85 2.26 2.38
2021 Households 4,380 40,590 72,765
2021 Average Household Size 1.83 2.26 2.38
2026 Households 4,690 44,004 79,449
2026 Average Household Size 1.83 2.27 2.38
2021-2026 Annual Rate 1.38% 1.63% 1.77%
2010 Families 1,802 19,687 35,989
2010 Average Family Size 2.48 2.94 3.00
2021 Families 1,971 21,952 42,953
2021 Average Family Size 2.52 2.99 3.05
2026 Families 2,072 23,611 46,537
2026 Average Family Size 2.54 3.01 3.06
2021-2026 Annual Rate 1.00% 1.47% 1.62%
Housing Unit Summary
2000 Housing Units 3,969 32,050 50,939
Owner Occupied Housing Units 49.7% 55.2% 59.1%
Renter Occupied Housing Units 46.6% 40.8% 37.1%
Vacant Housing Units 3.8% 3.9% 3.8%
2010 Housing Units 4,095 37,974 63,910
Owner Occupied Housing Units 44.7% 52.5% 58.0%
Renter Occupied Housing Units 47.0% 39.9% 35.1%
Vacant Housing Units 8.3% 7.6% 6.9%
2021 Housing Units 4,736 43,751 77,986
Owner Occupied Housing Units 41.3% 51.7% 57.4%
Renter Occupied Housing Units 51.1% 41.1% 35.9%
Vacant Housing Units 7.5% 7.2% 6.7%
2026 Housing Units 5,059 47,340 84,977
Owner Occupied Housing Units 41.8% 53.0% 58.7%
Renter Occupied Housing Units 50.9% 39.9% 34.8%
Vacant Housing Units 7.3% 7.0% 6.5%
Median Household Income
2021 $51,659 $57,948 $60,728
2026 $54,550 $62,751 $66,271
Median Home Value
2021 $210,486 $230,904 $225,558
2026 $284,387 $290,720 $277,758
Per Capita Income
2021 $33,437 $35,754 $33,848
2026 $36,812 $39,775 $37,802
Median Age
2010 38.2 34.3 33.9
2021 40.0 36.6 36.0
2026 40.9 37.2 36.4
Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households.
Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by
MARKET PROFILE
all persons aged 15 years and over divided by the total population.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2021 and 2026 Esri converted Census 2000 data into 2010 geography.
August 27, 2021
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105
©2021 Esri Page 1 of 7• Forbes has identified Sioux Falls as the nation’s top small city for busi- the American Dream in 2017, after looking at its employment data, home
ness and careers in 2021. prices, livability, friendliness toward the business community and the
• Livability released their annual list of the Top 100 Best Places to Live, economic stability of its business bases.
and Sioux Falls came in as the 10th best place. • In 2017, 91 percent of residents surveyed POPULATION in Sioux Falls say the city is a
• ZipRecruiter identified Sioux Falls as the 3rd hottest job market in 2020, good or excellent place to live, according 2010 to the National Citizen Survey,
YEAR SIOUX FALLS MSA*
153,888 228,261
based on the growing number of job postings and average number of a professional research firm that collects survey data
190,750 for approximately
2014 165,800 240,202
2020 285,387
job openings per job seeker as well as the median wage among other 500 cities.
Sioux Falls is one of the fastest-growing areas in the nation with a population growth rate nearly four
times the national average. As the largest retail center between Denver and the Twin Cities, Sioux Falls PROJECTED POPULATION
criteria. • Sioux Falls moved up the ranks in Inc.com’s
offers the consumer a vast selection of goods with thousands of retail stores scattered throughout the
metro area. Employing approximately 12.4 percent of the metro labor force, the retail sector has a
YEAR
2025
Best U.S. Cities MSA
SIOUX FALLS
201,800
to Start a
325,391
• WalletHub recently released their annual list of the Happiest Cities in Business, coming in at No. 10 overall in 2017.
primary market area of 650,000+ consumers and draws shoppers from a four state area. 2030
2035
217,000
233,200
370,693
422,608
America, and Sioux Falls came in at number 6 for 2020. • TravelPulse named Sioux Falls as the best destination to visit in South
Source: City of Sioux Falls Planning Department
http://www.siouxfallsdevelopment.com/demographics.cfm
AGE DISTRIBUTION
• South Dakota is one of the nation’s “Top Moving Destinations” in the Dakota in 2020 in their list of every state’s AGE best (YEARS)travelSIOUXdestination.
FALLS
*Prior to December 31, 1992, the Sioux Falls Metropolitan Statistical Area consisted of Minnehaha County. On December 31, 1992, the Federal
Office of Management and Budget revised the MSA designation to include Lincoln County. The 2005-2012 MSA figures include the counties of
POPULATION
2018 United Van Lines Annual National Movers Study that tracks
MSA* state- • Thrillist included Falls Park in their list of the 20-64 18 Best City Parks in Amer-
0-19 28.1%
McCook & Turner.
YEAR SIOUX FALLS 59.2%
to-state migration pattern. • Sanfordica Health -in 9,5422020.
2010 153,888 228,261 65+ 12.6%
Major Employers:
2014 165,800 240,202 • Sioux Falls School District - 3,400 • Citi - 1,800
• FallsGallup’s annual “Well-Being Index” ranks South Dakota the No. 1 state • SmartAsset ranked Sioux• Falls asClubthe
- 1,4606th best place to raise kids in their
2020 190,750 285,387 • HyVee Food Stores - 3,116 • Good Samaritan Society - 1,500
• Avera Health - 8,298
Sioux is one of the fastest-growing areas in the nation with a population growth rate nearly four • Smithfield Foods - 3,600 • Wells Fargo - 2,262 Walmart/Sam’s
offers the in the a vastU.S.
selection ofin 2017 based on purpose, social, financial, community, and 2020 study.
times the national average. As the largest retail center between Denver and the Twin Cities, Sioux Falls PROJECTED POPULATION
consumer goods with thousands of retail stores scattered throughout the YEAR SIOUX FALLS MSA
physical elements.
SIOUX FALLS HIGHLIGHTS
• Forbes included Sioux Falls in their list of the top-25 places to retire in.
metro area. Employing approximately 12.4 percent of the metro labor force, the retail sector has a 2025 201,800 325,391
primary market area of 650,000+ consumers and draws shoppers from a four state area. 2030 217,000 370,693
• Sioux Falls’
Source: City of Sioux Falls Planning Department population grew by 5,100 in 2020
2035
(2.7 percent
233,200
growth
422,608
rate), • Wallethub ranked Sioux Falls as No. 11 among the Top-10 Best Run
compared to a 3,550 increase in 2019 (1.9 percent growth rate). Sioux Cities in 2019.
http://www.siouxfallsdevelopment.com/demographics.cfm
AGE DISTRIBUTION
AGE (YEARS)
*Prior to December 31, 1992, the Sioux Falls Metropolitan Statistical Area consisted of Minnehaha County. On December 31, 1992, the Federal SIOUX FALLS
Falls averaged a 4,100-person annual increase for more
Office of Management and Budget revised the MSA designation to include Lincoln County. The 2005-2012 MSA figures include the counties of
McCook & Turner.
0-19 28.1% than ten years. • SmartAsset ranked Sioux Falls as the #1 US city for young professionals
20-64 59.2%
• Employers:
Major Since January 1, 2020, Sioux Falls has increased 65+ in 12.6%
population by in 2017 and 2018. The ranking took into account the city’s median gross
• Avera71,000 Health - 8,298 people. By - 2040, •the Goodpopulation
Samaritan Society - 1,500 of Sioux Falls is projected to be rent, five-year change in median earnings, entertainment and arts es-
• Sanford Health - 9,542 • Sioux Falls School District - 3,400 • Citi - 1,800
• HyVee Food Stores 3,116
251,000 tablishments, job diversity, unemployment rate, labor-force participation
• Smithfield Foods - 3,600 • Wells Fargo - 2,262 • Walmart/Sam’s Club - 1,460
• SmartAsset included Sioux Falls on its list of the 10 Best Cities for Living rate, and the number of people age 25 to 34 in the city.
SIOUX FALLS HIGHLIGHTS
SIOUX FALLS HIGHLIGHTS
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
SD Furniture Mart Non-Rated www.thefurnituremart.com
OVERVIEW
Since, the first location opening in 1977, the last 40 years have been filled with astounding growth and advancements. Furniture
Mart USA has grown to the 35th largest furniture retailer in America and looks forward to serving as a holistic solution for our
customer’s home and design needs and to provide them with beautiful, affordable furniture and sleep solutions.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall $1.46 Billion $42.88 Billion
Tenant: S&P Rating: Website:
Best Buy A3 www.bestbuy.com
OVERVIEW
Best Buy’s purpose is to enrich lives through technology. Best Buy does that by leveraging their unique combination of tech
expertise and human touch to meet their customers’ everyday needs, whether they come to them online, visit their stores or invite
Best Buy into their homes. They have more than 1,000 stores and about 100,000 employees in the United States and Canada.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
Carpet One Non-Rated www.carpetone.com
OVERVIEW
As a cooperative with 1,000 stores worldwide, Carpet One not only has enormous buying power, but they have partners in all of
the major brands, mills and manufacturers. They’ve done the research for you. Just tell them your needs, and they’ll satisfy them
beyond your expectations. With one of the largest selections of carpet, hardwood, laminate, ceramic tile, vinyl, area rugs and
more — and you’ll always find the best products and great savings ... every day.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
Scheels Non-Rated www.scheels.com
OVERVIEW
Scheels is an American privately held, employee-owned and operated sporting goods and entertainment chain store headquartered
in Fargo, North Dakota. Scheels operates twenty-nine store locations in thirteen U.S. states. Its slogan is “Gear. Passion. Sports.”
Scheels owes its consistent success to its empowered associates, leaders, and partners who make decisions for their store and the
entire company. Customers are always the first priority at Scheels. They empower their associates to become experts in their shops
to go above and beyond to meet the customer’s needs and expectations.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private $221.7 Million
Tenant: S&P Rating: Website:
HuHot Non-Rated www.huhot.com
OVERVIEW
HuHot Mongolian Grill is an American restaurant chain specializing in a create-your-own stir fry cuisine with its headquarters in
Missoula, Montana. As of March 2017, there are over 70 HuHot Mongolian Grills in 18 states, with the vast majority located in the
Midwest and Mountain West states. Business strategies include focus on internal business operational optimization & differentiated
growth by emphasizing fast, fresh, healthy, customer-oriented full service restaurants.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private $800 Million
Tenant: S&P Rating: Website:
Papa Murphy’s Non-Rated www.papamurphys.com
OVERVIEW
Papa Murphy’s is a take-and-bake pizza company based in Vancouver, Washington. It began in 1995 as the merger of two local
take-and-bake pizza companies: Papa Aldo’s Pizza and Murphy’s Pizza. The company and its franchisees operate more than
1,300 outlets in the United States and Canada.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
Nothing Bundt Cakes Non-Rated www.nothingbundtcakes.com
OVERVIEW
Nothing Bundt Cakes is a baked goods restaurant company that was founded in Las Vegas in 1997 by Dena Tripp and Debbie
Shwetz. The company sells premium, handcrafted Bundt Cakes, available in a variety of sizes and flavors, in 250 bakeries in 36
states as well as its first Canadian bakery in Burlington, Ontario. Nothing Bundt Cakes has been named to several prestigious
industry lists, including Franchise Business Review’s “Top 50 Franchises” and “Top 40 Food Franchises,” Franchise Times’ “Fast
and Serious” for the third year in a row, Restaurant Business’ “The Future 50,” and Inc.’s “5000 List of America’s Fastest-Growing
Companies,” as well as numerous local and regional vote-driven ‘best of’ lists.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
The Man Salon Non-Rated themansalon.net
OVERVIEW
Shawn Ericsson and his wife Stacia opened the Man Salon in April 2008, they set out to change the culture of male grooming. The
Man Salon offers inclusive haircuts at a reasonable price in a relaxed climate, and with price conscious products and services.
They take great pride in the value of service customers will receive. The Man Salon has 5 locations with 2 locations in Rapid City
and 3 locations in Sioux Falls.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
West Mall 7 Non-Rated www.westmall7.com
OVERVIEW
Recently renovated location to enjoy both reduced admission retro classics and first run movies. They are a locally owned and
operated hometown movie theatre playing the latest movie hits at competitive prices. Enjoy comfy seats, digital picture and sound,
and great popcorn.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private Private
Tenant: S&P Rating: Website:
Crisp & Green Non-Rated www.crispandgreen.com
OVERVIEW
Crisp & Green is a concept that started in the Twin Cities in 2016 and is quickly taking off all over the country. A lot of communities
were looking for something that was healthy and fast and made from scratch and delicious as well. Crisp & Green specializes in
healthy, whole foods. They take advantage of technology, intelligent design, and thoughtful systems to ensure that your Crisp &
Green experience is efficient and seamless, even during their busiest times.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall Private $800 Million
Tenant: S&P Rating: Website:
Eileen’s Colossal Cookies Non-Rated www.eileenscookies.com
OVERVIEW
There are 27 Eileen’s Colossal Cookies location nationwide. Because of excellent quality and a reasonable price for a product
much in demand, Eileen’s Colossal Cookies has been a very successful business. Eileen’s Colossal Cookies franchiseis modeled
like a retail store which specializes in the production and sale of a variety of cookies sold primarily by the dozen and in special
assortments. All cookies are made fresh from scratch and produced throughout the business day. The primary marketing thrust is
the sale of twelve varieties of cookies sold by the dozen. Customer service is also a major component in the operation.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105DETAILS
Property: Net Worth: Revenues:
Western Mall $23.992 Million $409.707 Million
Tenant: S&P Rating: Website:
Potbelly Non-Rated www.potbelly.com
OVERVIEW
Potbelly is a publicly traded American fast-casual restaurant chain that focuses on submarine sandwiches and milkshakes.
Potbelly was founded in 1977 in Chicago, and its name refers to the potbelly stove. Potbelly’s menu features a variety of
sandwiches that are all served hot, and the menu includes soup, shakes, smoothies, and cookies.
ANCHOR TENANT INFORMATION
WESTERN MALL | 2101 W. 41ST STREET | SIOUX FALLS, SD 57105RAQUEL BLOUNT, SIOR
VP of Commercial Real Estate
605.728.9092 | raquel@lloydcompanies.com
JORDAN RIEFFENBERGER
CCIM,SIOR
Director of Commercial Real Estate
and Responsible Broker
605.275.4258 | jordan@lloydcompanies.com
101 S. Reid Street | Suite 201 | Sioux Falls, SD 57103
605.231.1738 | LloydCompanies.com
Information herein is deemed reliable, but not guaranteed.
CONTACT INFO
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