1710 S Highline Ave - Restaurant FOR SALE


Sioux Falls, SD 57110
$1,250,000 USD
303-884-6659
1710 S Highline Ave, Sioux Falls, SD for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/9
null | 7% Cap Rate

1710 S Highline Ave
Sioux Falls, SD 57110


HIGHLIGHTS

  • 6+ Years Remaining | Scheduled Rental Increases | Growing Brand
  • NN Lease| Fee Simple Ownership | Limited Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | Dawley Farm Village | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant currently has 6+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation • Caribou Coffee has 335 company-owned, 140 non-traditional, and 361 franchise coffeehouses in 11 countries as of Dec. 31, 2024, they are focused on smart growth, while staying true to their purpose

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$2,066 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee | 6+yrs Remain Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

General Commercial

APN/PARCEL ID

95195

ASK ABOUT THIS PROPERTY

Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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Steven RobertsSRS Real Estate PartnersMore Info
303-884-6659

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