1962 Deadwood Ave - Industrial FOR SALE


Rapid City, SD 57702
$2,700,000 USD
605-939-4489
1962 Deadwood Ave, Rapid City, SD for Sale
$2,700,000 USD
Industrial - FOR SALE
1/11
null | Request Cap Rate

NEW


1962 Deadwood Ave
Rapid City, SD 57702


OVERVIEW

Prime NNN Investment Opportunity 24,970 SF industrial building fully leased to Johnstone Supply through April 2030, currently in Year 6of a 10-year NNN lease. Current base rent is $12,885/month with 2% annual escalations, and two 5-year renewal options at market rate. Landlord responsibilities are limited to structure and roof. Johnstone Supply is a national HVAC/R distributor with 460+ locations. The Rapid City location, operated by SF2RC LLC, holds 48% local market share—the largest in the region. This structure provides reliable, long-term tenancy with substantial financial backing. Built in 2020, the facility offers high-quality infrastructure including 18.5’ center ceiling height, 14’ sidewalls, an 8’W x 10’T dock door and drive-through OH door with ramp, fire sprinklers, hanging OH heaters, and 3-phase/480V power. Interior includes three private offices, four shared workstations, a training room, classroom, full break room/kitchen, and a climate-controlled showroom. Located on Rapid City’s active Deadwood Ave corridor, this asset combines modern construction, strong tenancy, and a passive income profile ideal for investors seeking stability and growth.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

FULLY LEASED NNN INVESTMENT PROPERTY FOR SALE

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45

LAND SF

106,722

ZONING

Light Industrial

APN/PARCEL ID

2027302020

ASK ABOUT THIS PROPERTY

Chris LongKW Commercial Rapid CityMore Info
605-939-4489

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

Chris LongKW Commercial Rapid CityMore Info
605-939-4489

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