812 W SD Highway 46 - Storefront Retail/Office FOR SALE


Wagner, SD 57380
$1,400,000 USD
206-826-5730
812 W SD Highway 46, Wagner, SD for Sale
$1,400,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.25% Cap Rate

812 W SD Highway 46
Wagner, SD 57380


HIGHLIGHTS

  • Recent Building Expansion and Remodel – 2022, Added Additional 3,400 SF to Existing Structure While Reimaging to Family Dollar / Dollar Tree
  • Long Term Commitment – in 2022 Tenant Executed a New 10 Year Lease Extension
  • Passive Lease Structure – LL Responsible for Roof, Structure and Parking Lot Repairs Only, Tenant Pays Taxes Direct and Reimburses for Insurance
  • Store is Located Across the Street From Wagner High School, Wagner Middle School and Wagner Fire Station, Near Wagner Community Memorial Hospital
  • Corporate Guarantee (16,340+ Stores) – Investment Grade Tenant, Assigned BBB Credit by S&P - $0.50/SF Rent Increases Every 5 Years

OVERVIEW

Marcus & Millichap is proud to offer for sale fee simple ownership of the recently remodeled and expanded Family Dollar/Dollar Tree located along Highway 46 in Wagner, South Dakota. Family Dollar/Dollar Tree has continuously operated at this location for over 19 years and recently executed a fresh 10-year extension while adding an additional 3,400 SF to the existing structure demonstrating their long-term commitment to this location. In addition, the store was remodeled to reflect their newest “combo” prototype. In place is a favorable corporate guaranteed, double net lease expiring October 31st, 2032. Wagner, South Dakota is in Charles Mix County and 110 miles Southwest of Sioux Falls. Wagner, an agriculture community along State Highway 46. Visitors travel from across the state to Wagner for it’s pheasant hunting, in addition to The Fort Randall Dam along the Missouri River which offers great recreational activities. The Fort Randall Casino is a short 8-minute drive attracting many visitors with their 60-room hotel. Lake Andes is just a 20-minute drive northwest of Wagner. South Dakota is an income tax-free state and was ranked the 3rd most Business Friendly State by CNBC in 2024. Wagner High School, located directly across from the subject property, has been remodeled on multiple occasions, most recently in 2014 and 2021 when a new turf football field was installed. Wagner is home to over 1,400 residents.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar/Dollar Tree Expanded & Extended

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

Charles Mix County

APN/PARCEL ID

28.75.030

ASK ABOUT THIS PROPERTY

Hank WolferMarcus & MillichapMore Info
206-826-5730

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Hank WolferMarcus & MillichapMore Info
206-826-5730

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