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    New Retail NNN Ground Lease Title is generated by Realmo AI

    2306 S Mentzer St, Mitchell, SD

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    New construction retail property with long-term corporate ground lease.

    Type:RETAIL
    Property size:
    11,480 SF
    Lot size:
    2.15 Acres
    Price / SF:
    $152/SF
    Added:
    Nov 21, 2024
    Days on Market:
    570
    Last Refresh:
    May 20 at 8:42 pm

    Property Features for 2306 S Mentzer St

    General Information

    Standard status
    Active
    Size
    11,480 SF
    Lot size
    2.15 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mark Ruble
    Mark Ruble

    Listing agent Mark Ruble License #(S):AZ:SA550593000,NV:S.0192964

    Listing office Marcus & Millichap | Phoenix

    Listing date Nov 21, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

    HighLights

    • Brand New 20‑Year Absolute Triple‑Net (NNN) Corporate Ground Lease
    • Exceptional Residual Value - Value of Improvements well Exceeds Purchase Price
    • Enjoy 10 Percent Rental Increases Every Five Years with Six, Five Year Renewals
    • New High‑Quality 2024 Construction
    • Pinned between a Super Walmart & Menard's
    • Immediate Proximity to Interstate 90, a Sioux Falls City Area Connector

    Overview

    This is a newly constructed retail property featuring a 20-year absolute triple-net (NNN) corporate ground lease. Constructed in 2024, the property benefits from its location between a Super Walmart and Menard's. The property is positioned in close proximity to Interstate 90, a connector for the Sioux Falls city area. The surrounding area includes national tenants such as Cabela's, Tractor Supply Co, Sherwin Williams Paint Store, and Dollar Tree. The lease includes 10 percent rental increases every five years, with six, five-year renewal options. The value of improvements exceeds the purchase price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Les Schwab Tire ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.0121
    Latitude
    43.6853

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    FAQs

    What type of property is this?
    Storefront property - New construction retail property with long-term corporate ground lease.
    Where is this storefront property located?
    The property is located at 2306 S Mentzer St Mitchell, SD.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Brand New 20‑Year Absolute Triple‑Net (NNN) Corporate Ground Lease; Exceptional Residual Value - Value of Improvements well Exceeds Purchase Price; Enjoy 10 Percent Rental Increases Every Five Years with Six, Five Year Renewals
    (602) 770-2935 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Ruble
    Mark Ruble
    Real Estate License ID: (S):AZ:SA550593000,NV:S.0192964
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