400 N Main St, Viborg, SD 57070

Building Details

Tenancy Single More

Listing Agency: Bang Realty

Listed By: Brian Brockman · License SD #701472 Show Phone

Source: Crexi

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 4:02PM

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Investment Insights

Based on property information with market context.

This 10,640 SF Dollar General store is part of a 2026 development on a 2.07-acre corner lot at 400 N Main St in Viborg, South Dakota. The lease is structured on an Absolute NNN basis and carries a corporate guaranty from Dollar General Corporation.

Rent is scheduled to begin in 2026. The lease provides for 5% increases every 5 years during the primary term and option periods.

Key Highlights

• 10,640 SF prototype store
• Part of a 2026 development on a 2.07‑acre corner lot
• Absolute NNN lease with a Dollar General Corporation guaranty

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,339

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,466,780 $2.5M

Cap Rate 7%

$1,761,986 $1.8M

Cap Rate 9%

$1,370,433 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,640 SF

Gross rent

$191.5K $18.00/SF

− Vacancy

−$15.3K −$1.44/SF

EGI

$176.2K $16.56/SF

− OpEx

−$52.9K −$4.97/SF

NOI

$123.3K $11.59/SF

Area

Turner County, SD

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,466,780

Cap Rate 7%

$1,761,986

Cap Rate 9%

$1,370,433

Alternative Uses

Best Use

Retail

$1.76M

$1.54M – $2.06M (±1% cap)

NOI $123,339 @ 7.0% cap · market cap 5.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.89M

$2.53M – $3.37M (±1% cap)

NOI $202,245 @ 7.0% cap · market cap 9.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

108

Businesses Nearby

Explore this area Business Placement

Demographics for 57070, SD

1,380

Population

733

Households

1.9

Avg Household Size

44

Median Age

22%

College-Educated

87%

High-School Grad

88.9 sq mi

ZIP Area

16

Density / Sq Mi

$59,444

Median Household Income

$43,068

Median Earnings

$683

Median Rent

$202,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

NNN property - The store is leased on an Absolute NNN basis with a corporate guaranty from Dollar General Corporation.

Where is this nnn property located?

The property is located at 400 N Main St Viborg, SD.

What is the asking price?

The asking price for this property is $2,147,385.

What are key features of this property?

This property features: 10,640 SF prototype store; Part of a 2026 development on a 2.07‑acre corner lot; Absolute NNN lease with a Dollar General Corporation guaranty