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8745 Glacier Hwy
Juneau, AK 99801
Nugget Mall · Retail Property For Sale
Executive Summary
CALL FOR OFFERS: JUNE 9TH
Extremely Low Basis Play with Optionality: Offered at an extremely low price per square foot for building and land in a market where construction costs run roughly 40% above the national average, establishing a meaningful barrier to new competing supply. Sportsman’s Warehouse anchors 19.6% of GLA through 2036, providing a decade of contractual income stability on the property’s largest tenant at 27,852 sq. ft.
Value-Add Opportunity with Strong Stabilized Return-on-Cost: Value-add upside through lease-up of 57,104 sq. ft. of vacancy, including the 22,176-sq.-ft. former JoAnn box, with market rents underwritten conservatively relative to in-place tenants.
Rare Large Scale Commercial Land Site in the Mendenhall Valley: Nugget Mall sits on 12.05 acres on five separate parcels, offering investors the flexibility to sell off individual components and capitalize on the cap rate spread between whole-property and parcel-level pricing.
Largest Commercial Land Site in the Valley: Juneau’s geography creates an significant barrier to new retail supply, insulating Nugget Mall as the dominant community shopping center in the Mendenhall Valley. Seller is investing $2 million in structural roof improvements, meaningfully reducing near-term capital risk for an incoming buyer.
Extremely Low Basis Play with Optionality: Offered at an extremely low price per square foot for building and land in a market where construction costs run roughly 40% above the national average, establishing a meaningful barrier to new competing supply. Sportsman’s Warehouse anchors 19.6% of GLA through 2036, providing a decade of contractual income stability on the property’s largest tenant at 27,852 sq. ft.
Value-Add Opportunity with Strong Stabilized Return-on-Cost: Value-add upside through lease-up of 57,104 sq. ft. of vacancy, including the 22,176-sq.-ft. former JoAnn box, with market rents underwritten conservatively relative to in-place tenants.
Rare Large Scale Commercial Land Site in the Mendenhall Valley: Nugget Mall sits on 12.05 acres on five separate parcels, offering investors the flexibility to sell off individual components and capitalize on the cap rate spread between whole-property and parcel-level pricing.
Largest Commercial Land Site in the Valley: Juneau’s geography creates an significant barrier to new retail supply, insulating Nugget Mall as the dominant community shopping center in the Mendenhall Valley. Seller is investing $2 million in structural roof improvements, meaningfully reducing near-term capital risk for an incoming buyer.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
142,072 SF
Building Class
B
Year Built/Renovated
1974/2002
NOI
$1,107,253 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
12.05 AC
Zoning
GC
Parking
370 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 5B1501100011 | Improvements Assessment | $1,208,145 CAD |
| Land Assessment | $7,559,454 CAD | Total Assessment | $8,767,599 CAD |
Property Taxes
Parcel Number
5B1501100011
Land Assessment
$7,559,454 CAD
Improvements Assessment
$1,208,145 CAD
Total Assessment
$8,767,599 CAD
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