$1,285,000
SD
MLS# 19-268
Status: Closed
7489 sqft
1 / 1
Property Description
Signalized corner of W SD-46 & Main Avenue, in WAGNER, SD. Absolute NNN lease, zero landlord resp, credit rated, corporate guarantee. NOI is $87,996 annually; 14 years remaining term on lease, 3% rental increase in year 11 & 4 (five-year) options, each with a 10% rental rate increase. Ideal opportunity for a 1031 exchange buyer or a ''passive investor'' to attain fee simple ownership of a Dollar General store. Real property only.
Details
None
Book Section: Commercial
House Number: 101
Realtor.COM Type: Commercial
Business Name: Dollar General
Street Name: SD-46
State/Province: SD
Area: Area Town
Total SqFt.: 7489
Country: US
Year Built: 2018
County: Charles Mix
Lot Size: 1 acre
Legal: Located in the City of Wagner, Charles Mix County SD
Net Operating Income: 87996
Contract Information
Current Price: $1,285,000
Sold Price: $1,285,000
Terms: cash, new fin, 1031
For Sale/Lease: For Sale
Status Change Info
Sold Date: 2019-09-21
Sold Price: $1,285,000
Buyer: IDK
Status: Closed
Property Features
Listing Office: Dakota Plains Real Estate & Development
Last Updated: August - 26 - 2024
Information deemed reliable but not guaranteed.