Multi-Tenant Shopping
New
For Sale
$6,275,000
2801 E 10th St, Sioux Falls, SD 57103
The center combines two buildings with full occupancy and tenant reimbursements under NNN leases.
Property Size50,493 SF
Lot Size4.10 Acres
Price / SF$124.27
Days on Market2
Property Features for 2801 E 10th St
General Information
Standard status
Active
Size
50,493 SF
Lot size
4.10 Acres
Property subtype
Shopping Strip
Occupancy
100%
Site & Location
Neighborhood
Oak View
Corner Location
Yes
Anchor Co-Tenants
Austad's Golf, Family Dollar, Upper Cut Bar & Grill, Roll N’ Smoke, Ship 605, Tomacelli’s Pizza/Player’s Club
Traffic Count
36,155 vehicles/day
Highway Access
Yes
Additional Details
Tenant in Place
Yes
Amenities
100% Occupied 50,493 SF Neighborhood Center in Sioux Falls, SD | Income Tax Free State
Shadowed by Hy-Vee | One of Only Full-Service Grocery Stores Servicing Wide Radius | 36k VPD Pass Site
Long-Standing Site Built in 1975 | Heavily Renovated to Meet High End Needs of Top Tier Tenants – Including Exterior, Interior and Common Areas
Strong Mixture of Diversified, Ecommerce-Proof Tenants | Major Tenants Include Austad's Golf, Family Dollar, Upper Cut Bar & Grill, Roll N' Smoke, Ship 605, and Tomacelli's Pizza/Player's Club
84% of GLA Has Base Term Rental Increases | Significant Increases to Net Operating Income | Hedge Against Inflation | Avg. Tenancy Over 27.5 1years
Modest Rent Levels Averaging Only $10.85/SF | Staggered Lease Expirations | Mixture of Options and Naked Leases | Steady Income, Upside Opportunity via Mark to Market, and Hedge Against Relocation Risk
Favorable NNN Lease Structures | Recapture of Tax, CAM, Insurance Expenses | Includes Majority of MGMT Fees | Minimal Landlord Responsibilities
Dense & Mature Demographics | Pop. Counts of 16,331 within 1-Mile, 80,995 within 3-Miles, and 137,867 within 5-Miles | AHHI Over $94,473
Building Details
Building Size
50,493 SF
Year Built
1975
Buildings
2
Tenancy
Multi
Listed By:
Zach Turner · License #License(s): OH: SAL.2018003592
(614) 360-9032
Source:
Marcusmillichap
Added: Oct 30
Last Checked: Oct 30 at 3:09PM
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 Zach Turner
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Investment Insights
Based on property information with market context.
This 50,493-square-foot shopping center comprises two buildings on 4.1 acres and was built in 1975. The property is fully occupied by six tenants, including Austad’s Golf, Family Dollar, Upper Cut Bar & Grill, Roll N’ Smoke, Ship 605, and Tomacelli’s Pizza/Player’s Club. Austad’s Golf occupies 28,972 square feet and has operated at the center since 1996; its current renewal extends through 10/2028. Family Dollar occupies 8,000 square feet and renewed through July 2032. Tenants reimburse taxes, CAM, insurance, and most management and administrative fees under NNN leases. Base-term rental increases apply to 84% of the GLA.
The center is at the signalized intersection of E 10th St and Cleveland Ave, with reported traffic of 36,155 vehicles per day. I-229 is less than 0.2 miles away, and Hy-Vee directly shadows the property. The surrounding area includes residential neighborhoods and housing developments, with retailers such as Walmart, Menards, Target, Aldi, and Burlington nearby.
The center is at the signalized intersection of E 10th St and Cleveland Ave, with reported traffic of 36,155 vehicles per day. I-229 is less than 0.2 miles away, and Hy-Vee directly shadows the property. The surrounding area includes residential neighborhoods and housing developments, with retailers such as Walmart, Menards, Target, Aldi, and Burlington nearby.
Key Highlights
- 50,493‑square‑foot center on 4.1 acres, with 2 buildings
- 100% occupied by 6 tenants
- Austad’s Golf occupies 28,972 square feet; tenant since 1996, with renewal through 10/2028
Property Analytics
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Current Use
Lease Details
36,155 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
151k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 31%
Shops & Services 17%
Hotels & Casinos 1%
Hy-Vee
Groceries
46,035 visits/mo
0.2 miles
Taco Bell
Dining
17,916 visits/mo
0.3 miles
Starbucks
Dining
12,382 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
10,773 visits/mo
0.3 miles
Applebee's
Dining
10,645 visits/mo
0.3 miles
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Coinstar Kiosk - Bitcoin ATM — Hy Vee, 3020 E 10th St, Sioux Falls, SD 57103
Frequently Asked Questions
What type of property is this?
Shopping center - The center combines two buildings with full occupancy and tenant reimbursements under NNN leases.
Where is this shopping center located?
The property is located at 2801 E 10th St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $6,275,000.
What are key features of this property?
This property features: 50,493‑square‑foot center on 4.1 acres, with 2 buildings; 100% occupied by 6 tenants; Austad’s Golf occupies 28,972 square feet; tenant since 1996, with renewal through 10/2028
