Dollar General NNN Retail
For Sale
Contact for pricing
1207 3rd Ave S, Clear Lake, SD 57226
Newer Dollar General retail building built in 2015, offered with a corporate absolute net lease and remaining term.
Property Size9,100 SF
Lot Size1.34 Acres
Days on Market123
Property Features for 1207 3rd Ave S
General Information
Standard status
Active
Size
9,100 SF
Lot size
1.34 Acres
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
Marcus & Millichap - Salt Lake City
(801) 736-2648
Listed By:
Andrew Knudsen · License #UT 9115765-SA00
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 8:58AM
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 - Salt Lake City
Investment Insights
Based on property information with market context.
This offering presents a Dollar General retail property built in 2015. The approximately 9,100-square-foot building is situated on about 1.34 acres and is operated under a corporate absolute net lease with nine years remaining on the initial lease term and four, five-year options. Under the lease structure described, the tenant is responsible for taxes, maintenance, and holding insurance, while the landlord pays taxes up front and then submits for reimbursement to the tenant within 12 months.
Located in Clear Lake, South Dakota, the property benefits from being a county-seat community where traffic comes through the city from throughout Deuel County. Public remarks describe Clear Lake as a rural area with minimal access to other stores, and the city is listed at roughly 1,300 residents as of 2019.
The asset is being marketed for sale as a net-leased retail investment with a BBB-rated corporate tenant and a near-term lease timeline supported by multiple options.
Located in Clear Lake, South Dakota, the property benefits from being a county-seat community where traffic comes through the city from throughout Deuel County. Public remarks describe Clear Lake as a rural area with minimal access to other stores, and the city is listed at roughly 1,300 residents as of 2019.
The asset is being marketed for sale as a net-leased retail investment with a BBB-rated corporate tenant and a near-term lease timeline supported by multiple options.
Key Highlights
- Dollar General retail building totaling 9,100 SF on 1.34 acres in Deuel County, South Dakota.
- Built in 2015 for a newer retail asset.
- Offered with a corporate absolute net lease with nine years remaining on the initial term.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
380
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Americas Best Value Inn & Suites Clear Lake
Hotels & Casinos
380 visits/mo
0.4 miles
Demographics for 57226, SD
2,021
Population
878
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
91%
High-School Grad
191.0 sq mi
ZIP Area
11
Density / Sq Mi
$71,250
Median Household Income
$39,148
Median Earnings
$678
Median Rent
$175,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Newer Dollar General retail building built in 2015, offered with a corporate absolute net lease and remaining term.
Where is this grocery and convenience store located?
The property is located at 1207 3rd Ave S Clear Lake, SD.
What are key features of this property?
This property features: Dollar General retail building totaling 9,100 SF on 1.34 acres in Deuel County, South Dakota.; Built in 2015 for a newer retail asset.; Offered with a corporate absolute net lease with nine years remaining on the initial term.
