2527 9Th Ave SE - Fast Food FOR SALE
Watertown, SD 57201 |
$1,282,000 USD
513-300-0763
2527 9Th Ave SE
Watertown, SD 57201
HIGHLIGHTS
- BRAND NEW ABSOLUTE NNN GROUND LEASE: Brand new 15-year Absolute NNN Ground lease (conveying ownership - underlying ground only)
- TENANT: High Plains Brew, LLC owns & operates 15 locations in Nebraska, Iowa and Eastern South Dakota.
- Tenant has significant expansion plans and has a signed development agreement for 30+ additional locations throughout the High Plains states
- The operator also became the first Freddy’s franchisee in 2004 and continues to grow their footprint with 26 current locations
- STRONG SALES | NEW CONSTRUCTION: New, build-to-suit construction of 7 Brew’s newest prototype with an impressive 29-car stack double drive thru
- TRAFFIC COUNTS: Positioned on a ±0.72-acre lot, with excellent visibility/access on 9th Ave SE (main east/west corridor)
FOR SALE DETAILS
PRICE
$1,282,000 USD
PRICE/SF
$2,775 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7 BREW – WATERTOWN, SD
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.72 AC
LAND SF
31,363 SF
ZONING
C
APN/PARCEL ID
002624
ASK ABOUT THIS PROPERTY
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513-300-0763
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Please correct the highlighted field(s).
513-300-0763
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
