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Map ViewSatellite View100% Occupied Power Center Anchored Retail Strip
Sale Price
$3,718,384
Building Size (GBA)
8,107 SF +/-
Site Size
1.31 Acres +/-
Location Highlights
Within Dawley Farm Village, the premier development that anchors eastern Sioux Falls. The property is positioned in a high-growth trade area with over 3,400 households and more than 20,000+ daily visits within just 1-mile. The area is fueled by major employers, expanding healthcare, and continuous residential development. Dawley Farm Village itself sees 7.6 million annual visits, increasing 5.2% year-over-year, and offers unmatched co-tenant synergy with national retailers like Target, Walmart, and Century Theaters. This investment is well-positioned for long-term stability and demand.
Description
- 100% Occupied, 4-Tenant Target & Power-Center Shadowed Retail Center
- Current tenants: Buff City Soap, Crumbl Cookies, V Nails & Spa, and Cooks & Bakers Kitchen
- Current NOI: $229,041 with a 6.16% cap rate
- Proforma NOI: $232,400 with a 6.25% cap rate
- 2022 Construction with a modern, clean aesthetic
- Crumbl Cookies endcap has a drive-thru
- 64 surface parking stalls
- RE Taxes: $33,233.84 (2024 Taxes Payable in 2025)
- Economic engines within Dawley Farm Village: State of SD OneStop, Target, Avera Health, Capital Health, Active Generations, & Walmart
- Supportive demographics: 45,754 daytime population & $80.4K AHHI in a 3-mile radius
- $250M+ in major infrastructure upgrades underway
- Veterans Parkway connection
- Arrowhead Parkway/Veterans Parkway intersection
- Contact Broker for a copy of the NDA & Full Marketing Package
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