1620 Concourse Ct - Day Care Center FOR SALE


Rapid City, SD 57703
$900,000 USD
605-939-4489
1620 Concourse Ct, Rapid City, SD for Sale
$900,000 USD
Day Care Center - FOR SALE
1/8
null | Request Cap Rate

1620 Concourse Ct
Rapid City, SD 57703


HIGHLIGHTS

  • Zoned Light Industrial
  • 20 on-site parking spaces, asphalt/off-street
  • Fire protection system, smoke detectors, and handicap access
  • Fenced outdoor play areas
  • Near Elk Vale Rd and SD Hwy 44
  • Elk Vale Rd (SD Hwy 44 to I-90): 22,009 VPD [CONFIRM source/year]

OVERVIEW

1620 Concourse Court offers investors the opportunity to acquire a fully leased, single-tenant net lease investment property in Rapid City's established Rushmore Business Park. The 4,920-square-foot building is leased to Kindred Spirits, LLC, operating as Lil Friends Learning Center of RC, under a long-term NNN lease extending through January 2034 with two additional 3-year renewal options. The lease structure minimizes landlord responsibilities by passing through taxes, insurance, maintenance, repairs, and capital replacement obligations to the tenant.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Lease Investment Property

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

LI

APN/PARCEL ID

0044958

ASK ABOUT THIS PROPERTY

Chris LongKW Commercial Rapid CityMore Info
605-939-4489

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Chris LongKW Commercial Rapid CityMore Info
605-939-4489

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