3509 S Minnesota Ave - Retail FOR SALE


Sioux Falls, SD 57105
$1,750,000 USD
541-571-1287
3509 S Minnesota Ave, Sioux Falls, SD for Sale
$1,750,000 USD
Retail - FOR SALE
1/6
null | 5.75% Cap Rate

3509 S Minnesota Ave
Sioux Falls, SD 57105


HIGHLIGHTS

  • Income Tax-Free State
  • Excellent Rent/Sales Ratio
  • Absolute NNN with 18 Years Remaining Term
  • Strong Franchisee | Over 110 Units Under Management
  • Highly Visible Site on Primary Retail Thoroughfare
  • Annual Visits in the Top 30% Nation-Wide for Arby's Locations (Placer.ai data)

OVERVIEW

Colliers International is proud to present the Arby’s restaurant site on Minnesota Avenue in Sioux Falls, South Dakota. Arby’s has been at this location since its construction in 2011 and currently operates under a 20-year lease with approximately 18 years remaining term. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance or roof/structure. Rental income is set at a base amount, with percentage rent being applied above a specified gross sales figure as an efficient hedge against inflation. The franchisee on-site is DRM, Inc., one of the largest Arby’s operators in the country with over 110 locations nationwide. Arby’s has a long and successful track record at this site since2011. It benefits greatly from its strategic location along the on and off ramps of Interstate 229, along with its positioning on Minnesota Avenue which has the highest traffic counts among North/South Avenues in south Sioux Falls. The immediate area is home to numerous national retailers including Costco, Hy-Vee Grocery, Hardee’s, McDonalds, At Home Furniture, Planet Fitness, and more.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$508 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

-

APN/PARCEL ID

85293

ASK ABOUT THIS PROPERTY

Scott LoganColliersMore Info
541-571-1287

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Scott LoganColliersMore Info
541-571-1287

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