Cleeman Realty Group is pleased to announce the off-market sale of Orchard Corners, a Hy-Vee anchored retail center located in Shenandoah, IA. The shopping center sits on approximately 6.5 acres and is shadow anchored by Tractor Supply Co. The property boasts over 50,000 square feet of gross leasable area and features a strong lineup of local, regional, and national tenants, including Scooter’s Coffee and McDonald’s outparcels. At the time of sale, the center was roughly 87% occupied. Hy-Vee has been at this location since 1975 and remains the dominant grocery store in the market.
Jeremy Scheer of Cleeman Realty Group represented the buyer and seller in the transaction.
“The buyer was attracted to Hy-Vee’s long-term tenancy and below-market rent at this location. The upside potential that the property offers aligns well with the buyer’s investment criteria and objectives,” said Scheer.
Cleeman Realty is a prominent real estate brokerage firm specializing in commercial properties. With a reputation for excellence and a commitment to delivering superior results, Cleeman Realty has become a trusted partner for buyers and sellers in the commercial real estate market. By combining in-depth market knowledge, a vast network, and innovative strategies, Cleeman Realty offers unparalleled service and expertise to clients across various industries.
For more information about Cleeman Realty, please visit www.cleeman.com.