1134 Princeton St - Storefront FOR SALE


Vermillion, SD 57069
$1,700,000 USD
602-224-4475
1134 Princeton St, Vermillion, SD for Sale
$1,700,000 USD
Storefront - FOR SALE
1/5
null | 5% Cap Rate

1134 Princeton St
Vermillion, SD 57069


HIGHLIGHTS

  • Long term primary lease (±19 years remaining)
  • Brand new high quality construction
  • Extremely low rent
  • Absolute NNN Ground Lease - no landlord responsibilities
  • Rental increases every 5 years to hedge against inflation
  • Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S.

OVERVIEW

INVESTMENT HIGHLIGHTS • Long term primary lease (±19 years remaining) • Brand new high quality construction • Extremely low rent • Absolute NNN Ground Lease - no landlord responsibilities • Rental increases every 5 years to hedge against inflation TENANT HIGHLIGHTS • Substantial annual sales above $2 Billion • Les Schwab Tire Centers has over 500 locations across 13 states in the Western U.S. • Founded in 1952, over 72 years in the business with over 7,000 employees • Les Schwab has invested significantly in the site by building their own building and maintaining it LOCATION HIGHLIGHTS • Across the street from a Walmart Supercenter • ±1.5 miles from the University of South Dakota (10,619 students) • Neighboring national credit retailers such as Dollar Tree, Tractor Supply Co, Hy-Vee Grocery Store, and Runnings • Near 612,00 SF Polaris facility with 25 year operations history and over $10M in improvements

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Term Absolute NNN Les Schwab Tires

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

15295-00600-040-00

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-224-4475

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Chris HollenbeckCushman & WakefieldMore Info
602-224-4475

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