River Plaza Investment Property

2425 S. Shirley Avenue, Sioux Falls, SD 57106
39,090 SF
$4,700,000
Investments for Sale
4 Photos
Raquel Blount, SIOR
Raquel Blount, SIOR
Jordan Rieffenberger, CCIM, SIOR
Jordan Rieffenberger, CCIM, SIOR
Value-Add-Owner Occupant Investment
Sale Price
$4,700,000
Building Size
39,090 SF
Location Highlights
  • Great visibility with a premier retail location across from the Century Theaters in the Meadows on the River shopping and dining destination.
Description
  • Excellent opportunity for a retail/office user looking to expand and own their own building with additional rental income.
  • Proforma Cap Rate based on Current Income: 6.2%
  • Proforma Cap Rate based on Projected Income: 9.0% Value-Add! (See Page 2 of Marketing Brochure)
  • Tenants include Ruby Tuesday, Coldstone Creamery, Gimme-A-Break, Ambiance, Nails Studio, Tip-Top-Tux, Hydra Beer Company and Stride Rite
  • Over 20,500 cars per day at the intersection of Shirley Avenue and Louise Avenue
  • Rare retail opportunity with loading dock
  • Projected Income is based on a lease up of the vacant space at only $9.50 / Sf NNN!
  • Value Add: with the current occupancy of the building, a buyer has the opportunity to increase cash flow and value through lease up and/or occupying some of the vacant space (See Page 2 of Marketing Brochure)
  • Several signage opportunities on building and multiple monument signs
  • I-29 Exposure!
Location
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