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Map ViewSatellite ViewStabilized Retail Investment
Sale Price
$2,300,000
Total Leased Area
5,621 SF +/-
Arby's Building Size
3,581 SF +/-
Blazin Aces Building Size
1,680 SF +/-
Total Lot Size
1.03 Acres +/-
Location Highlights
The property benefits from a premier position directly adjacent to the Empire Shopping District, South Dakota’s top shopping destination, within a fully stabilized retail corridor that draws shoppers from Sioux Falls and across the broader region. With major anchors and traffic drivers such as Target, Kohl’s, Sephora, Ulta Beauty, Chick-fil-A, TJ Maxx, and so much more, the area maintains consistent activity, while recent additions like Crunch Fitness and 7 Brew, along with Raising Cane’s under construction just west of the site, continue to reinforce the corridor’s long-term retail strength.
Description
- West 41st Street retail investment opportunity
- Two-building, two-tenant income-producing property
- Drive-thru QSR component occupied by DRM, Inc., operating as Arby’s
- Additional retail tenancy providing diversified income stream
- Current annual base rent of $141,910
- 6.17% cap rate based on the $2,300,000 asking price
- Arby’s Absolute NNN lease through October 2043
- Four, 5-year renewal options
- Blazin Aces NNN lease through November 2028
- Two, 5-year renewal options
- Potential percentage rent upside through Arby’s lease
- Tenant reimbursement structure for many property-level expenses
- Highly recognizable location along Sioux Falls’ established West 41st Street corridor
- Potential 1031 exchange replacement property
- Long-term real estate optionality in a proven retail corridor
- Zoned: C-4
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