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Family Dollar 812 W SD Highway 46

11,600 SF Retail Building Wagner, SD 57380 $1,475,000 ($127/SF) 6.76% Cap Rate

Investment Highlights

  • NN Lease with limited landlord responsibilities (roof, structure, and parking lot)
  • Five, 5-year renewal options with rent increases of $0.50PSF at each option
  • Average household income $52.7k
  • 8 years remaining with 7.5% rent increase in 2027
  • Strong Corporate Guaranty
  • Subject property is 15 minutes from the Missouri River with several vacation homes and campsites, and 54.3 miles west of Yankton, SD

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,600 SF
Building Class
B
Year Built/Renovated
2006/2023
Price
$1,475,000
Price Per SF
$127
Cap Rate
6.76%
NOI
$99,760
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.81 AC
Opportunity Zone
Yes
Zoning
Charles Mix County
Parking
43 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
672 FT on E Highway 46

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28.75.030
Land Assessment
$19,225
Improvements Assessment
$370,900
Total Assessment
$390,125
  • Listing ID: 32376948

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 812 W SD Highway 46, Wagner, SD 57380

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