Listed by Bender Commercial
$855,000
Spring Avenue NNN Investment
Details
Property Type Special Purpose
Sub Type School
Square Footage 10,020
Cap Rate 8.30%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Rent Bumps Yes
Price per SqFt $85
Year Built 1983
Year Renovated 2024
Buildings 1
Stories 3
Lot Size (SqFt) 29,700
Zoning S-1 Institutional
NNN investment opportunity located in the heart of Sioux Falls
Marketing description
Three levels with multiple classrooms, office space, full commercial kitchen, storage and restrooms.
Two playground areas.
2024 improvements include fire suppression system on all three floors and attic, new electronic door locks, new camera system, LED lighting, vestibule doors, and one new HVAC unit.
Listing Contacts
Listed by Bender Commercial
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