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    4005 W 41St St Sioux Falls, SD 57106

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    For Sale
    $3,125,000

    20-year NNN lease with high-performing Chick-Fil-A.

    Property size:
    4,995 SF
    Lot size:
    6.97 Acres

    Property Features for 4005 W 41St St

    General Information

    Size
    4,995 SF
    Lot size
    6.97 Acres

    Source: Lloyd Companies - Corporate Agent Raquel Blount, SIOR

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

    Overview

    Chick-Fil-A Ground Lease Opportunity

    This property features a 20-year NNN ground lease with 17 years remaining, along with five 5-year renewal options. The lease is corporate guaranteed by Chick-Fil-A, Inc. According to Placer.AI 2023 data, this Chick-Fil-A location ranks 82nd nationally in foot traffic, placing its performance in the top 95% percentile nationwide. Constructed in 2021, it features a Chick-Fil-A prototype design with 2 drive-thru lanes. The property is situated on the hard corner of a busy 4-way signalized intersection in South Dakota. It is located within a highly trafficked retail corridor, near Target, Walmart Supercenter, Sam’s Club, Hy-Vee, McDonald’s, Chase Bank, Walgreen’s, and Chipotle, among other national retailers. The site is adjacent to the north parking lot of The Empire Mall, a shopping destination in South Dakota. The property size is 4995 square feet.
    Location Intelligence

    Current Use by Public Records

    Chick-fil-A Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7743141
    Latitude
    43.5115997

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    FAQs

    What type of property is this?
    Drive through restaurant - 20-year NNN lease with high-performing Chick-Fil-A.
    Where is this drive through restaurant located?
    The property is located at 4005 W 41St St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $3,125,000.
    What are key features of this property?
    This property features: - Corporate guaranteed NNN ground lease with Chick-Fil-A, Inc.; - High foot-traffic location: ranks in the top 95% of Chick-Fil-A locations nationally.; - Located on a hard corner of a high-traffic intersection.
    (605) 323-2820
    Request Owner's contact information
    4005 W 41St St Sioux Falls, SD 57106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4005 W 41St St Sioux Falls, SD 57106
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