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26755153
26755154

710 SD-28, Willow Lake, SD 57278

Dakota Convenience
Listed by Dakota Convenience
$700,000
151 days on market
Updated 19 days ago

Dakota Convenience Store

Details
Property Type Retail, Business for Sale
Sub Type Grocery Store, Business and Building (+1)
Square Footage 4,000
Pumps 6
Cap Rate 4.20%
NOI $30,000
Price per SqFt $175
Year Built 1975
Year Renovated 2007, 2013, 2022
Buildings 1
Acreage 1.600
Zoning commercial
Investment Type Owner/User
Sale Condition For sale by owner

Business for Sale

Marketing description

Dakota Convenience Stores, a Subchapter “S” corporation, is selling their Willow Lake, SD and Doland, SD store locations.

The Willow Lake location is located on SD Hwy 28 on the west side of Willow Lake SD.

Willow Lake is in the heart of some of the finest fishing and hunting opportunities in the Dakotas.

The business consists of a 4000 sq ft building with a large product storage facility, a campground with 8

camping pads with water and electrical hookups, laundry, shower and bathroom facility, a video lottery casino,

deli with grill and fryer and prep tables, on sale malt beverage and off sale liquor license from the city of Willow Lake.

On the fuel side there is 2 dispensers with 3 products each. The gas dispenser pumps an ethanol, regular unleaded and premium gas products, while the diesel dispenser has #1 & #2, and a “farm” or dyed diesel products. There are 6 underground storage tanks with a total capacity of 42,000 gallons, divided into (3) 10K (3) 4K gallon tanks.

The video lottery room comes with 5 terminals and room for 5 more and current contracts operates at a 60/40 split, owner/terminal vendor.

Unique opportunity with multiple income streams.

Listing Contacts

Dakota Convenience
Listed by Dakota Convenience

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$30,000.00
$2,500.00/mo

Valuation Metrics

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DSCR
4.29%
Cap Rate
4.29%
ROI

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