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31535794
31535795

1516 Fountain Plaza Dr, Rapid City, SD 57702 For Sale

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
DV
IL IL 471022014
Colliers
Listed by Colliers - Dallas, Texas, Colliers
Unpriced
103 days on market
Updated 38 days ago

U.S. Department of Homeland Security (DHS)

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 28,300
Net Rentable (SqFt) 28,300
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 15
Lease Expiration 04/30/2037
Remaining Term 10.8
Class A
Year Built 2011
Buildings 1
Stories 1
Acreage 2.790
Investment Type Institutional
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 05/01/2022
Ownership Fee Simple

U.S. Department of Homeland Security (DHS) | Rapid City, SD | Federal Credit Tenant

Marketing description

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire the U.S. Department of Homeland Security facility located at 1516 Fountain Plaza, Rapid City, SD.

Built in 2011, the building comprises 28,300 square feet on 2.79 acres. It is currently 100% occupied by the U.S. Department of Homeland Security (DHS). The DHS occupies the space under a Modified Gross lease structure with a 10 Year Firm/15 Year Total lease term.

The Department of Homeland Security (DHS) is a cabinet-level federal agency responsible for protecting the United States against terrorism, natural disasters, and other threats while facilitating lawful immigration, trade, and travel. DHS oversees a broad portfolio of component agencies including U.S. Citizenship and Immigration Services (USCIS), the Federal Emergency Management Agency (FEMA), the Federal Protective Service (FPS), and the Transportation Security Administration (TSA). With over 240,000 employees, DHS is the third-largest cabinet department in the federal government and maintains an operational presence in every state and territory across the country.

DHS field offices deliver a wide range of enforcement, investigative, and administrative services to the communities they serve. Core functions include immigration processing and biometric services, homeland security investigations, cybersecurity coordination with state and local partners, and the protection of federal facilities and personnel. Agents and officers operate across all 50 states in support of both national security objectives and regional public safety, working in close coordination with tribal, state, and local law enforcement agencies throughout their respective areas of responsibility.

Rapid City is the largest city in western South Dakota and serves as the region’s primary hub for commerce, healthcare, and federal government operations. The city is home to a dense concentration of federal agencies driven in part by its proximity to Ellsworth Air Force Base, one of the nation’s most strategically significant military installations and the designated home of the B-21 Raider stealth bomber program. As the federal anchor for a vast geographic service area spanning 18 counties across western South Dakota, the DHS presence in Rapid City reflects both the operational necessity and long-term commitment of the federal government to this market.

Investment highlights

Federal Credit Tenant

U.S. Department of Homeland Security - AA+ S&P Credit Rating

Proximity to Ellsworth Air Force Base

Ellsworth Air Force Base anchors a deep federal presence in Rapid City, supporting sustained demand for government services and reinforcing the long-term viability of federal tenancy in the market.

Mission Critical Location

Serving as the sole federal operations hub for 18 counties in western South Dakota.

Built-In Inflation Protection

Operating expense rent escalated annually by CPI, providing a natural hedge against inflation and protecting long-term investment returns.

Listing Contacts

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
DV
IL IL 471022014
Colliers
Listed by Colliers - Dallas, Texas, Colliers

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