|
|
Dollar General | 2.50% Buyside Fee 14307 Summit Rd 10,566 SF 100% Leased Retail Building Summit, SD 57266 $1,601,669 ($151.59/SF) 6.65% Cap Rate
EXECUTIVE SUMMARY
New Construction | Build-to-Suit Dollar General. 14 Years Remaining on 15-Year Absolute Triple Net (NNN) Lease; Passive Investment Offering a Long-Term Security of Cash Flow. Rental Increases of 10% In Each Option Period. Tenant Renewal Options: Five (5) Periods of Five (5) Years, Each bringing the Potential Lease Term Remaining to 40 Years. Corporate Location | Corporate Guarantee.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,566 SF
Year Built
2022
Price
$1,601,669
Price Per SF
$151.59
Cap Rate
6.65%
NOI
$106,511
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.94 AC
Parking
32 Spaces (3.03 Spaces per 1,000 SF Leased)
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| MAPLE ST | Jackson Ave, S | 108 | 2025 | 0.24 mi |
| Blue Star Memorial Highway | - | 1,740 | 2023 | 0.49 mi |
| US Hwy 12 | I- 29, N | 2,531 | 2025 | 0.69 mi |
| I- 29 | US Hwy 12, NE | 1,218 | 2025 | 0.81 mi |
| US 12 | I- 29, SE | 2,496 | 2025 | 0.94 mi |
| US 12 | 457th Ave, SE | 1,323 | 2025 | 1.60 mi |
| US 12 | US Hwy 12, SE | 1,323 | 2025 | 1.60 mi |
| I 29;US 81 | 146th St, S | 3,322 | 2025 | 2.96 mi |
| I 29;US 81 | I- 29, S | 3,322 | 2025 | 2.96 mi |
| US 12 | 463rd Ave, SE | 1,266 | 2025 | 3.13 mi |
PROPERTY TAXES
| Parcel Number | 15782 | Improvements Assessment | $440,638 |
| Land Assessment | $30,000 | Total Assessment | $470,638 |
PROPERTY TAXES
Parcel Number
15782
Land Assessment
$30,000
Improvements Assessment
$440,638
Total Assessment
$470,638
MAP
ADDITIONAL PHOTOS
Aerial