1845 Haines Ave - Freestanding FOR SALE


Rapid City, SD 57701
$9,060,000 USD
605-430-6246
1845 Haines Ave, Rapid City, SD for Sale
$9,060,000 USD
Freestanding - FOR SALE
1/33
null | 7.5% Cap Rate

1845 Haines Ave
Rapid City, SD 57701


HIGHLIGHTS

  • • Long-Term Net-Leased Income – New 12-year NNN leases with national tenants NAPA Auto Parts and Planet Fitness provide stable, predictable cash flow
  • • Prime High-Traffic Location – Positioned just south of Interstate 90 on Rapid City’s primary retail corridor with visibility to 35,000+ vehicles per
  • • Recently Upgraded Asset – Significant 2024–2025 capital improvements including interior renovations, LED lighting, exterior updates, and resurfaced

OVERVIEW

High-visibility, income-producing retail investment located on Haines Avenue just south of Interstate 90 in Rapid City, SD. This 121,440 SF property sits on 9.03 acres at a signalized corner with traffic counts exceeding 35,000 vehicles per day, offering exceptional access and exposure along a primary north–south corridor. The asset is anchored by established national tenants NAPA Auto Parts and Planet Fitness, both operating under new 12-year NNN leases with renewal options, providing stable, long-term cash flow. Recent capital improvements (2024–2025) include interior renovations, updated lighting, exterior paint, and parking lot resurfacing. Offered at a 7.50% Year One cap rate, this property presents a strong passive investment opportunity in the Black Hills’ primary regional trade hub.

FOR SALE DETAILS

PRICE

$9,060,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multiple properties for sale - NNN leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

417

LAND DETAILS

LAND ACRES

9.03 AC

LAND SF

393,347 SF

ZONING

General Commercial

APN/PARCEL ID

20-25-332-012

ASK ABOUT THIS PROPERTY

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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