Construction of a new strip mall near Walmart and Mandan Middle School is expected to be complete in the next month.
Developer Tobias Marman Construction is working with Bismarck commercial real estate group Daniel Companies on the project at 2705 Sunset Drive. The strip mall will be called the Daybreak Center. The companies didn't immediately have information on the project's total cost.
“You have a good movement of people in the area,” Daniel Companies Broker Associate Kyle Holwagner said, referring to the strip mall’s proximity to the middle school, Walmart, restaurants and a medical center. “Those providers that do service or are retail providers can basically get in front of customers already in the area.”
Holwagner also hopes to attract traffic on Interstate 94.
The companies have leased a 2,500-square-foot space to a yoga studio with a coffee shop. The strip mall has 2,500 square feet remaining for two final occupants, Holwagner said. One of the two 1,250-square-foot units is under a pending lease with an undisclosed national brand.
Daniel Companies is offering an asking price of $21 per square foot, he said.
“This happens to be an opportunity that someone can get engaged with and have a successful business,” Holwagner said.
He declined to share the names of the yoga studio and coffee shop owners and the potential national brand tenant. But he said the yoga studio's owners have started furnishing the inside of their shop.
It could take up to another month for shops to open after developers finish building the site, depending on how much interior work is needed.
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As for the Daybreak Center’s construction, developers are making “detail finishes” on the strip mall’s exterior and building a parking lot.
Holwagner said the strip mall can make an impact for Mandan’s business scene.
“It leads opportunities for people who are not only entrepreneurs to begin their own company, but also for franchises and different organizations to expand,” he said.
Bismarck Mandan Chamber EDC President Brian Ritter said the strip mall is an example of the Mandan business community's growth.
"In northwest Mandan, there are already keystone employers such as Cloverdale and (National Information Solutions Cooperative) who are generating new wealth that can be spent with some of the area's retailers and restaurants such as Walmart, Arby's, Bennigans and now, whatever tenants ultimately locate in the Daybreak Center," he said.
Mandan Business Development Director Ellen Huber said the Daybreak Center will be the first retail strip center to be constructed in north Mandan.
"The strip center is significant because it provides businesses with an opportunity to co-locate and operate in leased space in this growing area," she said. "Many business operators are not ready to construct and own a building, or they prefer to put their resources into their business."
She added that the project's first tenant, a startup coffee shop, café and yoga studio, was approved by the city to take part in its Restaurant Rewards Program -- a project to "improve the ratio of restaurants to population in Mandan."
Business owners enrolled in the Restaurant Rewards Program receive a rebate on a 1% local sales tax for their first five years of operation.