This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

954 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

ARBY'S 1220 9th Ave SE

3,500 SF Retail Building Watertown, SD 57201 $2,569,000 ($734/SF) 5.50% Cap Rate

Retail Space South Dakota Watertown 1220 9th Ave SE, Watertown, SD 57201

Investment Highlights

  • ABSOLUTE NNN - The property features an Absolute NNN lease with over 19 years of remaining lease term
  • PERCENTAGE RENT UPSIDE – the site is operated by DRM, Inc., who operates over 120 Arby’s stores in Illinois, Iowa, Minnesota, Missouri, Nebraska
  • CENTRAL LOCATION– the mall is the largest shopping center in town and home to many major brands such as Hy-Vee Grocery Store
  • STRONG AND GROWING SALES – the store has produced above average revenue store sales compared to other Arby’s for the last 3+ years.
  • NATIONAL OPERATOR – the lease features an additional rent clause, based on store sales, allowing the Owner to capture increased returns
  • MAJOR US HIGHWAY & RETAIL CORRIDOR – the Watertown Shopping Mall sits in the heart of town’s primary retail corridor, featuring national brands

Executive Summary

Broker of Record
Michael Haeder
License No. 13033 (SD)
(866) 889-0550
Haeder and Associates
PO Box 1175 Pierre,
SD 57501

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
1990
Price
$2,569,000
Price Per SF
$734
Cap Rate
5.50%
NOI
$141,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Land Acres
0.67 AC
Parking
51 Spaces (14.57 Spaces per 1,000 SF Leased)
Frontage
151 FT on 9th Avenue Southeast

Amenities

  • Security System
  • Drive Thru
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Links

1 of 1

PROPERTY TAXES

Parcel Number 012393 Improvements Assessment $259,762
Land Assessment $379,171 Total Assessment $638,933

PROPERTY TAXES

Parcel Number
012393
Land Assessment
$379,171
Improvements Assessment
$259,762
Total Assessment
$638,933
(866) 886-0550

  • Listing ID: 33398549

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 1220 9th Ave SE, Watertown, SD 57201

More public record information on 1220 9th Ave SE, Watertown, SD 57201

The Retail Property at 1220 9th Ave SE, Watertown, SD 57201 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
1220 9th Ave SE, Watertown, SD for sale Primary Photo- Image 1 of 5
hero wm
1220 9th Ave SE, Watertown, SD for sale Building Photo- Image 2 of 5
map 1 wm
1220 9th Ave SE, Watertown, SD for sale Building Photo- Image 3 of 5
map 2 wm
1220 9th Ave SE, Watertown, SD for sale Building Photo- Image 4 of 5
map 3 wm

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

ARBY'S | 1220 9th Ave SE
(866) 886-0550 x

ARBY'S | 1220 9th Ave SE

Michael Haeder

(866) 886-0550

(866) 886-0550

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link