100 N Main St - Storefront FOR SALE


Chamberlain, SD 57325
$900,000 USD
513-300-0763
100 N Main St, Chamberlain, SD for Sale
$900,000 USD
Storefront - FOR SALE
1/3
null | 7.74% Cap Rate

100 N Main St
Chamberlain, SD 57325


HIGHLIGHTS

  • • Dollar General completed full Retrofit and Renovation in 2020, providing investors with like new construction asset with minimal near-term capital
  • • Rare NN+ Lease (Dollar General pays for all HVAC Repairs and Replacements)
  • • IdealLocation positioned perfectly in DowntownChamberlain that serves the local community.
  • • Site is ~1.8 Miles from Sanford Chamberlain Medical Center.
  • • Located ~0.8 Miles South of Interstate I-90, making it an ideal travel stop.
  • • Site is Visible to over~11,948 Vehicles Per Day.

OVERVIEW

Bang Realty-Dakotas Inc is proud to present the opportunity to acquire a single-tenant Dollar General located at 100 N Main St, Chamberlain, South Dakota. The property was constructed in 2020 and features a ±9,527 square foot building situated on a oversized ±0.22-acre parcel along Main Street in downtown Chamberlain, offering strong visibility and exposure to approximately 11,948 vehicles per day The asset is leased to Dollar General on a Rare NN+ basis (Dollar General Responsible for Full HVAC Maintenance & Replacements), providing truly passive ownership with minimal landlord responsibilities. The lease has approximately ±4.5 years of remaining term and includes Four (5) five-year renewal options with 10% rental increases at each option period. The current annual rent of $69,688 produces a 7.75% cap rate at the offering price, making this an attractive blend of yield and long-term stability. Dollar General, a publicly traded Fortune 500 company (NYSE: DG) with an S&P investment-grade credit rating of BBB, continues to expand its national footprint, reinforcing the long-term viability of the tenancy

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

7.74%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,722 SF

ZONING

-

APN/PARCEL ID

29010100600

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.