4005 W 41st St - Restaurant FOR SALE


Sioux Falls, SD 57106
$3,125,000 USD
605-728-9092
4005 W 41st St, Sioux Falls, SD for Sale
$3,125,000 USD
Restaurant - FOR SALE
1/6
null | 4% Cap Rate

4005 W 41st St
Sioux Falls, SD 57106


HIGHLIGHTS

  • Corporate-guaranteed NNN ground lease with Chick-fil-A
  • ~15.75 years remaining on the additional 20-year term (expires 8/2041)
  • Prime hard-corner site within the Empire Place development, with 41st Street frontage
  • Top performing CFA location ranking #43 nationwide in sales (top 2%)
  • Surrounded by major retailers including Target, Ulta Beauty, Hy-Vee, Barnes and Noble, Sam’s Club, Kohl’s, and much more
  • South Dakota has no personal or corporate income tax

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,125,000 USD

PRICE/SF

$626 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-Fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C-4

APN/PARCEL ID

46841

ASK ABOUT THIS PROPERTY

Raquel BlountLloyd CompaniesMore Info
605-728-9092

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Raquel BlountLloyd CompaniesMore Info
605-728-9092

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