Exceptional ground lease investment opportunity with Chick-fil-A, Inc. in Sioux Falls, South Dakota. This 2021-built prototype store features dual drive-thru lanes and a corporate-guaranteed 20-year NNN ground lease with approximately 15.75 years remaining and 10% rent increases every five years.
Located within Empire Place, a new retail development featuring a strong mix of national co-tenants. The property sits directly adjacent to The Empire Mall, a true destination that welcomes over 8 million visitors annually from across a four-state region. The property benefits from exceptional exposure along 41st Street (36,000+ VPD) and Louise Avenue (23,900+ VPD). This intersection is the most heavily trafficked corridor in the state and the center of Sioux Falls' dominant retail center.