Triple Net Leased Retail
For Sale
Contact for pricing
Pending
1601 W 41st Street, Sioux Falls, SD 57105
Single-tenant, absolute triple net Shopko property on a signalized intersection with long-term lease in place.
Property Size90,585 SF
Days on Market151
Property Features for 1601 W 41st Street
General Information
Standard status
Pending
Size
90,585 SF
Property subtype
Office
Additional Details
Traffic Count
27,300 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Apr 10
Changed: Aug 27
Last Checked: Sep 6 at 2:39AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This offering is the fee simple interest in a single-tenant, absolute triple net leased Shopko retail property. The property includes a 90,585-square-foot building and has been in operation at this location since 1987. The lease expires December 31, 2035 and includes annual rental escalations along with two 10-year renewal option periods.
The building is located at a signalized intersection in the area’s dominant retail corridor, along 41st Street, described as the primary east-west thoroughfare with traffic counts of 27,300 vehicles per day. The surrounding retail mix includes major big-box retailers, and The Empire Mall is approximately one mile from the property.
As a triple net lease, the agreement includes annual rental escalations and renewal options, providing a contractual term through the 2035 expiration date.
The building is located at a signalized intersection in the area’s dominant retail corridor, along 41st Street, described as the primary east-west thoroughfare with traffic counts of 27,300 vehicles per day. The surrounding retail mix includes major big-box retailers, and The Empire Mall is approximately one mile from the property.
As a triple net lease, the agreement includes annual rental escalations and renewal options, providing a contractual term through the 2035 expiration date.
Key Highlights
- Single‑tenant absolute triple net leased Shopko property in Sioux Falls, SD
- 90,585 SF building on a signalized intersection along 41st Street, with traffic counts of 27,300 vehicles per day
- Shopko has operated at this location since 1987; lease expires December 31, 2035
Property Analytics
Property Profile
Current Use
Lease Details
27,300 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,026
Businesses Nearby
626k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Superstores 22%
Dining 13%
Shops & Services 11%
Scheels
Apparel
205,228 visits/mo
0.3 miles
Costco Wholesale
Superstores
140,915 visits/mo
0.3 miles
Best Buy
Electronics
49,783 visits/mo
0.5 miles
Costco Gasoline
Shops & Services
32,343 visits/mo
0.3 miles
Hibachi Grill & Supreme Buffet
Dining
20,618 visits/mo
0.4 miles
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant, absolute triple net Shopko property on a signalized intersection with long-term lease in place.
Where is this retail space located?
The property is located at 1601 W 41st Street Sioux Falls, SD.
What are key features of this property?
This property features: Single‑tenant absolute triple net leased Shopko property in Sioux Falls, SD; 90,585 SF building on a signalized intersection along 41st Street, with traffic counts of 27,300 vehicles per day; Shopko has operated at this location since 1987; lease expires December 31, 2035
