Listed by Lloyd Companies
$2,300,000
Two-Building Retail Investment with Arby's Operated QSR
Details
APN 012125476005000, 012125476014000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 5,261
Occupancy 100%
Tenancy Multi
Brand/Tenant Arby's
Lease Type Absolute NNN
Rent Bumps Yes
Pro-Forma Cap Rate 6.17%
Pro-Forma NOI $141,910
Class A
Buildings 2
Acreage 1.030
Zoning C-4
Investment Type Stabilized
Ground Lease No
Sale Condition 1031 exchange
Retail | 0.00% CAP | 5,261 SqFt
Marketing description
This two-building retail investment offers the opportunity to acquire income-producing real estate in one of Sioux Falls’ most proven retail corridors. With established tenancy, long-term lease control from the Arby’s operator, and a highly visible position near the Empire Shopping District, the property provides investors with both stable in-place income and long-term location value. The offering includes a drive-thru Arby’s operated by DRM, Inc. and an additional retail building occupied by Blazin Aces Smoke & Vape, totaling 5,261 SF +/- of leased space across 1.03 acres +/-. The property offers current annual base income of $141,910 and a 6.17% cap rate, with potential percentage rent upside through the Arby’s lease.
Investment highlights
- \West 41st Street retail investment opportunity
- Two-building, two-tenant income-producing property
- Drive-thru QSR component occupied by DRM, Inc., operating as Arby’s
- Additional retail tenancy providing diversified income stream
- Current annual base rent of $141,910
- 6.17% cap rate based on the $2,300,000 asking price
- Arby’s Absolute NNN lease through October 2043
- Four, 5-year renewal options
- Blazin Aces NNN lease through November 2028
- Two, 5-year renewal options
- Potential percentage rent upside through Arby’s lease
- Tenant reimbursement structure for many property-level expenses
- Highly recognizable location along Sioux Falls’ established West 41st Street corridor
- Potential 1031 exchange replacement property
- Long-term real estate optionality in a proven retail corridor
- Zoned: C-4
Listing Contacts
Listed by Lloyd Companies
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