1500 S Burr St - Fast Food FOR SALE
Mitchell, SD 57301 |
1500 S Burr St
Mitchell, SD 57301
HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 5.00% Rental Escalations Every 5 Years!
- DRM, Inc. currently has 109 locations in Illinois, Iowa, South Dakota, Nebraska, Wisconsin, Minnesota & Wisconsin
- Successfully open & operating for decades with sales well-above the Arby’s national average and an attractive 4.5% Rent-to-Sales Ratio!
- Slated for a full remodel by yearend 2032 reaffirming the Tenant’s commitment to the site!
- Well positioned in the main retail corridor near Cabela’s, Menard’s, Walmart, etc.
- 2023 DEMOGRAPHICS: Total Population (5-MI): 17,282 | Average Household Income (1-MI): $83,675
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
ARBY'S-MITCHELL, SD
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant
TOTAL BUILDING SIZE
3423
STORIES
1
YEAR BUILT
2011
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
15660-00000-002-10
