$1,200,000
SD
MLS# 19-382
Status: Closed
43560 sqft
1 / 1
Property Description
Located on Hwy 212W in Eagle Butte.NN lease, only landlord resp is roof & structure. Tenant pays taxes, ins & CAM. Credit rated corp guaranty. NOI is $98,952 annually, 7.5% cap rate. 2018 store sales were $4.28MM. 10 years remaining on this lease term. Seven, Five (5) Year Options Remaining; 10% Rental Increase at Each Option. Ideal opportunity for a 1031 Exchange buyer or a ''passive investor'' to attain fee simple ownership. Real property only.
Details
Maps
None
Book Section: Commercial
House Number: 1000
Realtor.COM Type: Commercial
Street Name: Highway 212 West
State/Province: SD
Building Size: 10,710
Area: Area Town
Total SqFt.: 43560
Country: US
County: Dewey
Lot Size: +/- 1.0
Geo Lat: 45.659356
Geo Lon: -108.763697
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Terms: cash, new fin, 1031
For Sale/Lease: For Sale
Status Change Info
Sold Date: 2020-02-05
Sold Price: $1,200,000
Buyer: EBM
Status: Closed
Member and Office Info
Buyer Broker Compensation: 0.5
Buyer Broker Compensation Type: %
Property Features
Listing Office: Dakota Plains Real Estate & Development
Last Updated: February - 05 - 2020
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.