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Map ViewSatellite ViewNNN Ground Lease
Sale Price
$3,125,000
Site Size
1.19 Acres +/-
Building Size
4,995 SF +/-
Cap Rate
4.00%
NOI
$125,000
Description
- 20-year NNN Ground lease with 17 years left, along with five 5-year renewal options.
- There is a corporate guaranteed lease from Chick-Fil-A, Inc.
- According to Placer.AI 2023 data, this property ranks 82nd nationally for Chick-Fil-A in foot-traffic; reflecting store performance in the top 95% percentile nationwide.
- 2021 construction Chick-Fil-A Prototype with 2 drive-thru lanes.
- Located on the hard corner of one of the busiest 4-way signalized intersection in the state of South Dakota.
- Highly trafficked retail corridor with Target, Walmart Supercenter, Sam’s Club, Hy-Vee, McDonald’s, Chase Bank, Walgreen’s. and Chipotle, and many more national retailers.
- The subject site is located adjacent to the north parking lot of The Empire Mall, South Dakota’s premiere shopping destination.
- South Dakota does not have a state income tax.
- Listing broker will cooperate with a buyer’s broker.
