803 Saint Patrick St - Retail FOR SALE


Rapid City, SD 57701
$1,754,000 USD
415-604-4288
803 Saint Patrick St, Rapid City, SD for Sale
$1,754,000 USD
Retail - FOR SALE
1/6
null | 6.5% Cap Rate

803 Saint Patrick St
Rapid City, SD 57701


HIGHLIGHTS

  • New 15-year absolute NNN lease with the full lease term retaining on the original lease
  • Four (4) five (5)-year extension periods
  • Excellent 6% rental increase after year 5, with rare 1.5% annual rental increases for the remainder of the lease term
  • Take 5 Oil Change is at almost 800 locations, proving strong performance across the entire company

OVERVIEW

High-Visibility & Easily Accessible Location: This Take 5 Oil Change features a high-visibility and easily accessible location just off the major 4-way signalized intersection of Saint Patrick Street & Mount Rushmore Road (combined 37,795 AADT). Positioned Along a Major Thoroughfare: Connecting Take 5 Oil Change with the heart of downtown Rapid City, Mount Rushmore Road sees over 25,000 vehicles per day, making it one of Rapid City’s biggest and most traveled thoroughfares. Surrounded by Major National Tenants: The subject property maintains excellent proximity to major national tenants such as Walgreens, Safeway, Starbucks, McDonald’s, AutoZone Auto Parts, and many more. Beneficial Proximity to Educational Institutions: The property is within four miles from Western Dakota Technical College (1,324 students) and South Dakota School of Mines & Technology (2,416 students), establishing a reliable customer base for the site. Excellent Demographics: 82,934 residents live within five miles of the site, supported by an excellent average annual household of $87,105, (projected 16% increase over the next five years) providing an affluent demographic.

FOR SALE DETAILS

PRICE

$1,754,000 USD

PRICE/SF

$1,583 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,609 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

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