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29939834
29939835

4 Locations

RF
SD 12988, MN 40675797
Bender Commercial
RK
SD SD 13791
Bender Commercial
Listed by Bender Commercial
$13,500,000
100 days on market
Updated 1 day ago
Opportunity zone

Creative Surfaces Portfolio

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 159,670
Units 4
Cap Rate 6.37%
NOI $860,028
Tenancy Multi
Lease Type NNN
Lease Expiration 08/01/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options One 5 year option
Price per SqFt $85
Year Built 1960, 1964, 1973, 1977
Year Renovated 1972, 1974, 2014, 2015, 2026
Buildings 4
Acreage 1.1 - 4.37
Zoning I-1 Light Industrial
Investment Type Sale/Leaseback

Well-Performing South Dakota Investment Portfolio with Absolute Net Lease Structure

Marketing description

Investment highlights

ABSOLUTE NET LEASE STRUCTURE

  • A well-performing, owner-managed investment portfolio, anchored by Creative Surfaces occupying approximately 90% of the portfolio under an absolute net lease structure.

  • Creative Surfaces is responsible for property taxes, insurance, common area maintenance, and major repairs and capital replacements, including roof, structure, and parking lot.

  • The absolute net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.

DIVERSIFIED INCOME WITH VALUE-ADD POTENTIAL

  • One building includes approximately 15,000 SF of multi-tenant office space, currently owner-managed, providing additional income diversification.

  • Multiple office tenants reduce reliance on a single income source and provide near-term opportunities for rent growth through renewals and future leasing activity.

  • A buyer may elect to continue owner-management or transition to third-party management, offering flexibility based on investment strategy.

EMBEDDED GROWTH OPPORTUNITY

  • Fair market lease rates across the portfolio on Creative Surfaces.

  • Office tenants have below-market rents offering upside, value-add for buyer.

LEASE TERMS

  • 10-year initial lease term with one (1) five-year renewal option for the primary tenant.

  • Annual rent increases as detailed in the rent roll.

  • Long-term lease structure supports durable income and inflation protection.

Listing Contacts

RF
SD 12988, MN 40675797
Bender Commercial
RK
SD SD 13791
Bender Commercial
Listed by Bender Commercial

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$860,028.00
$71,669.00/mo

Valuation Metrics

0
DSCR
6.37%
Cap Rate
6.37%
ROI

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Additional Information

Name
Rob Fagnan
License
12988
Brokerage Phone
605-336-7600
Name
Reggie Kuipers
License
SD 13791
Brokerage
Bender Commecial Real Estate
Title
President
Brokerage Address
305 West 57th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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