665 E Disk Dr - Restaurant FOR SALE


Rapid City, SD 57701
$1,311,414 USD
513-300-0763
665 E Disk Dr, Rapid City, SD for Sale
$1,311,414 USD
Restaurant - FOR SALE
1/4
null | 7% Cap Rate

665 E Disk Dr
Rapid City, SD 57701


HIGHLIGHTS

  • Tenant reports unit-level sales; current rent represents only ±3% of gross sales well below the 6-8% casual dining benchmark, signaling strong store.
  • Current term (12/01/2025 – 11/30/2030) is the fourth and final option. With no extensions remaining, tenant must return to the table.
  • Current rent $14.12/SF positioned meaningfully below market a proven interstate-frontage casual dining box supporting tenant retention and NOI growth.
  • Positioned along Heartland Expressway with ±23,815 VPD and located right off the exit capturing daily commuters seasonal Black Hills tourism Traffic.
  • Currently delivers ±$886M in annual economic impact and supports ±9,100 service members, civilians, and dependents.
  • Five-mile population of 72,724 with $78,000 AHI; ten-mile population of 120,024 across the Rapid City MSA.

OVERVIEW

Rapid City is the primary economic, healthcare, and tourism hub of western South Dakota, located in Pennington County along Interstate 90 within the Rapid City MSA. The city anchors a multi-county trade area extending across the Black Hills region and into neighboring states, with a population of approximately 75,000+ supported by steady residential growth, regional in-migration, and its role as a commercial and healthcare destination for western South Dakota. Historically rooted in military presence, tourism, and regional trade, Rapid City has evolved into a diversified market serving as both a residential base and commercial destination for a broad multi-county trade area. Commercial activity is concentrated along Interstate 90, Mount Rushmore Road, and major arterial corridors supporting national retailers, grocery-anchored centers, restaurants, and hospitality uses, while the subject property is positioned along the Heartland Expressway corridor with direct I-90 visibility. The regional economy is anchored by Ellsworth Air Force Base (home to the incoming B-21 Raider program), Monument Health, regional government operations, South Dakota Mines, Western Dakota Technical College, and tourism tied to Mount Rushmore, Badlands National Park, and the Black Hills National Forest — providing one of the most stable and diversified employment bases in the Upper Midwest.

FOR SALE DETAILS

PRICE

$1,311,414 USD

PRICE/SF

$229 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,642 SF

ZONING

-

APN/PARCEL ID

0050875

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

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