Single-Tenant NNN Day Care
For Sale
$900,000
1620 Concourse Court, Rapid City, SD 57703
Fully leased day care building with five care rooms, fenced outdoor play areas, and a true NNN lease structure.
Property Size1,920 SF
Lot Size0.80 Acres
Price / SF$182.93
Days on Market47
Property Features for 1620 Concourse Court
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
20
Lot size
0.80 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Fenced Yard
Yes
Amenities
reception area
full kitchen
five care rooms
multiple restrooms
fire protection system
fenced outdoor play areas
Building Details
Building Size
1,920 SF
Year Built
1990
Year Renovated
2021
Stories
1
Tenancy
Single
Listing Agency:
KW Commercial | Black Hills
Listed By:
Chris Long
Source:
Commercialcafe
Added: Jul 24
Changed: Sep 8
Last Checked: Sep 8 at 7:43AM
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 KW Commercial | Black Hills
Investment Insights
Based on property information with market context.
This single-tenant NNN investment property is fully leased and configured for childcare operations. The 4,920 SF building includes a reception area, full kitchen, five care rooms, multiple restrooms, a fire protection system, and fenced outdoor play areas. The site offers 20 on-site parking spaces, and the property was fully remodeled in 2021.
The property is located in Rushmore Business Park near Elk Vale Rd and SD Hwy 44 in east Rapid City, providing convenient access to surrounding employment areas, residential neighborhoods, and regional routes. The building is leased to Kindred Spirits, LLC, doing business as Lil Friends Learning Center of RC, through January 31, 2034, with approximately seven years remaining on the initial term.
The true NNN lease structure assigns real estate taxes, insurance, repairs, maintenance, and capital replacement obligations to the tenant. Base rent increases 5% annually, and the lease includes two 3-year renewal options.
The property is located in Rushmore Business Park near Elk Vale Rd and SD Hwy 44 in east Rapid City, providing convenient access to surrounding employment areas, residential neighborhoods, and regional routes. The building is leased to Kindred Spirits, LLC, doing business as Lil Friends Learning Center of RC, through January 31, 2034, with approximately seven years remaining on the initial term.
The true NNN lease structure assigns real estate taxes, insurance, repairs, maintenance, and capital replacement obligations to the tenant. Base rent increases 5% annually, and the lease includes two 3-year renewal options.
Key Highlights
- 4,920 SF single‑tenant NNN leased building fully leased to Kindred Spirits, LLC (Lil Friends Learning Center of RC).
- Lease runs through January 31, 2034 (about seven years remaining on the initial term) with 2 additional 3‑year renewal options.
- True NNN structure: tenant responsibility for real estate taxes, insurance, repairs, maintenance, and capital replacement.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57703, SD
16,933
Population
7,476
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
92%
High-School Grad
129.8 sq mi
ZIP Area
130
Density / Sq Mi
$84,495
Median Household Income
$41,342
Median Earnings
$1,394
Median Rent
$250,300
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Angels On Board — 4309 Mack Dr, Rapid City, SD 57703
- Lil Friends Learning Center — Concourse Ct, Rapid City, SD 57703
- A Creative Beginning Daycare — 4312 Sweetbriar St, Rapid City, SD 57703
- Little Nest Preschool — 3459 Jet Dr, Rapid City, SD 57703
Frequently Asked Questions
What type of property is this?
Day care center - Fully leased day care building with five care rooms, fenced outdoor play areas, and a true NNN lease structure.
Where is this day care center located?
The property is located at 1620 Concourse Court Rapid City, SD.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,920 SF single‑tenant NNN leased building fully leased to Kindred Spirits, LLC (Lil Friends Learning Center of RC).; Lease runs through January 31, 2034 (about seven years remaining on the initial term) with 2 additional 3‑year renewal options.; True NNN structure: tenant responsibility for real estate taxes, insurance, repairs, maintenance, and capital replacement.
