Hay Creek Shops
Bismarck, ND
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Investment Details
Summary
A 2015–2018 Class-A development with stable national tenancy, strong demographics, and embedded upside through lease-up and development, Hay Creek Shops represents a premier value-add retail investment in one of the Midwest’s most resilient markets.
Advertisement Disclaimer. "This communication is a general solicitation of an investment opportunity offered pursuant to Rule 506(c) of Regulation D. Investment is open only to accredited investors (as defined in Rule 501(a)). Verification of accredited status is required before access to detailed materials or investing. Private placements are speculative and involve a high degree of risk, including loss of principal. Past performance is not indicative of future results."
Forward‑Looking Disclaimer. "Certain statements herein are forward‑looking and based on current expectations, estimates and projections. Actual results may differ materially due to various risks and uncertainties. See the PPM for a complete discussion of risks and assumptions."
Investment Highlights
- 87.1% of GLA leased to national or regional tenants with a WALT of 5.17 years.
- Anchor tenants include HomeGoods & Sierra, Dick’s Sporting Goods, Ross, and Michaels.
- HomeGoods ranks in the top 6% nationally; Sierra shares a new 10-year lease.
- Dick’s Sporting Goods recently exercised a 5-year option.
- Currently 88.5% occupied with a signed LOI for a 22,731 SF national tenant.
- Multiple developable pad sites across 33.24 acres.
- Shadow-anchored by a top 20% Walmart (2.7M visits) and adjacent to a Costco (1.6M visits).
Rapidly Growing, Affluent Regional Hub
- Bismarck ranked 7th fastest-growing small city in the U.S. (Forbes).
- Serves as a regional retail hub for four neighboring states.