Single-Tenant NNN Day Care
1620 Concourse Ct Rapid City, SD 57703
For Sale
$900,000
Fully leased day care building with five care rooms, fenced outdoor play areas, and a true NNN lease structure.
Property Size4,920 SF
Lot Size0.80 Acres
Price / SF$182.93
Days on Market9
Property Features for 1620 Concourse Ct
General Information
- Standard status
- Active
- Size
- 4,920 SF
- Lot size
- 0.80 Acres
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
(605) 939-4489
Listed By:
CHRISTOPHER LONG
(605) 939-4489
Source:
Exprealty
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 25 at 9:44AM
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 KELLER WILLIAMS REALTY 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
Location Intelligence
Current Use by Public Records
Day care centers
Similar Off Market Nearby
- Little Nest Preschool — 3459 Jet Dr, Rapid City, SD 57703
- Angels On Board — 4309 Mack Dr, Rapid City, SD 57703
- A Creative Beginning Daycare — 4312 Sweetbriar St, Rapid City, SD 57703
- Lil Friends Learning Center — Concourse Ct, Rapid City, SD 57703
FAQs
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 Ct 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.
