Three-Asset NNN Property
For Sale
Contact for pricing
2316 Mount Rushmore Road, Rapid City, SD 57701
Portfolio includes Sonic Drive-Ins in South Dakota’s two largest cities.
Property SizeContact for details
Days on Market62
Property Features for 2316 Mount Rushmore Road
General Information
Standard status
Active
Property subtype
Retail, Land
Zoning
General Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Core
Building Details
Units
3
Tenancy
Single
Listing Agency:
Conrad & Company
Listed By:
Marci Wieseler · License #SD 13449
Source:
Crexi
Added: Jun 30
Changed: Aug 30
Last Checked: Aug 30 at 3:55AM
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 Conrad & Company
Investment Insights
Based on property information with market context.
This three-property portfolio consists of Sonic Drive-Ins situated in South Dakota’s first- and second-largest cities. The Rapid City asset is located at 2316 Mount Rushmore Road and carries General Commercial zoning.
Each property is subject to a NNN lease with more than nine years remaining. Lease provisions include annual rent increases, while landlord obligations are described as minimal. Together, the assets provide an income-producing portfolio with contractual escalation provisions and established drive-through restaurant operations.
Each property is subject to a NNN lease with more than nine years remaining. Lease provisions include annual rent increases, while landlord obligations are described as minimal. Together, the assets provide an income-producing portfolio with contractual escalation provisions and established drive-through restaurant operations.
Key Highlights
- Three‑property Sonic Drive‑In portfolio
- Assets located in South Dakota’s first- and second‑largest cities
- NNN leases with 9+ years remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
201k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Groceries 17%
Shops & Services 15%
Hotels & Casinos 2%
McDonald's
Dining
36,042 visits/mo
0.1 miles
Safeway
Groceries
33,834 visits/mo
0.2 miles
Culver's
Dining
19,487 visits/mo
0.1 miles
Starbucks
Dining
17,048 visits/mo
0.4 miles
Exxon
Shops & Services
16,319 visits/mo
0.2 miles
Demographics for 57701, SD
46,258
Population
20,526
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
886
Density / Sq Mi
$52,733
Median Household Income
$34,971
Median Earnings
$892
Median Rent
$229,900
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?
NNN property - Portfolio includes Sonic Drive-Ins in South Dakota’s two largest cities.
Where is this nnn property located?
The property is located at 2316 Mount Rushmore Road Rapid City, SD.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Three‑property Sonic Drive‑In portfolio; Assets located in South Dakota’s first- and second‑largest cities; NNN leases with 9+ years remaining
