1459 SW Dakota Ave - Freestanding FOR SALE


Huron, SD 57350
$514,405 USD
513-300-0763
1459 SW Dakota Ave, Huron, SD for Sale
$514,405 USD
Freestanding - FOR SALE
1/6
null | 8.65% Cap Rate

1459 SW Dakota Ave
Huron, SD 57350


HIGHLIGHTS

  • Lease is guaranteed by Prime Communications which serves as the largest authorized AT&T retailer with over 2,000+ locations nationwide.
  • Extremely attractive 3% annual rent increases throughout the remaining life of lease.
  • Traffic counts on Dakota Ave S exceed ±13,000 vehicles daily.
  • Close proximity to South Dakota State University (±12,065 enrollment -2024).
  • South Dakota serves as an income tax-free state.
  • Parcel is conveniently located within an opportunity zone which provides additional tax benefits.

OVERVIEW

Experience a prime investment opportunity at 1459 Dakota Ave S, Huron, SD 57350. This property boasts a guaranteed lease by AT&T retailer Prime Communications, with 3% annual rent increases. Positioned in an opportunity zone in tax-free South Dakota, the site benefits from high traffic and close proximity to South Dakota State University. With no AT&T competition within a 54-mile radius, this property is a strategic asset. The area features popular national tenants, including Walmart, McDonald’s, and O’Reilly Auto Parts. Huron, the 8th largest city in SD, is situated near Sioux Falls, the state's prime MSA. AT&T, ranked 13th on the Fortune 500 list, has invested significantly in its network, offering leading 5G service. With a robust financial overview, including a 8.65% cap rate and NOI of $44,496, this property presents a compelling opportunity for savvy investors. Don't miss out on this exclusive listing!

FOR SALE DETAILS

PRICE

$514,405 USD

PRICE/SF

$214 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,691 SF

ZONING

Commercial

APN/PARCEL ID

13146

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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