631 Deadwood Ave - Freestanding FOR SALE


Rapid City, SD 57702
$1,440,000 USD
605-430-6246
631 Deadwood Ave, Rapid City, SD for Sale
$1,440,000 USD
Freestanding - FOR SALE
1/17
null | 7.5% Cap Rate

631 Deadwood Ave
Rapid City, SD 57702


HIGHLIGHTS

  • Newly signed tenant lease
  • Strategic location - easy access to I-90 and main arteries

OVERVIEW

NNN Investment Opportunity – Rapid City represents a core regional market for net-lease investment, serving as the commercial hub for the Black Hills and a multi-state trade area encompassing western South Dakota, northeastern Wyoming, and portions of Nebraska and Montana. This depth of regional draw supports long-term tenant performance and durable cash flow. The subject property is strategically located along Deadwood Avenue, a primary industrial corridor connecting Interstate 90 to the Omaha/Chicago Streetintersection, where the area transitions into a dense retail, food-service, and residential node. This highly visible location providesexcellent access and consistent traffic exposure—key contributors to tenant sales performance and long-term lease stability. The surrounding area has experienced substantial reinvestment in recent years, with new ownership groups developing modern facilities while also revitalizing and repositioning older assets. These improvements have strengthened the corridor’s overall appeal andenhanced long-term fundamentals. The Tenant (see addendum for details) has recently executed a new 12-year initial lease term withmultiple 5-year renewal options, providing stable, predictable income under a true NNN structure. This NNN investment delivers a7.50% Year One cap rate on base rent, with strong downside protection. Although the landlord advances capital improvement costs, thetenant reimburses these expenses over an amortized term, effectively mitigating long-term ownership exposure. This property is beingoffered as part of a four-property portfolio. Additional information on the remaining assets is available in the attached OfferingMemorandum. Listed by Randy Olivier, RE/MAX Advantage, 605-430-6246.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully leased Retail Bldg by NAPA Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

General Commercial

APN/PARCEL ID

2034177028

ASK ABOUT THIS PROPERTY

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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

Randy OlivierRE/MAX AdvantageMore Info
605-430-6246

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