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    301 Us-14 De Smet, SD 57231

    Sponsored
    For Sale
    $1,144,960

    High-yield SD convenience store, 7.5% cap rate.

    Property size:
    9,002 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 9,002 square foot Dollar General store located at 301 US-14, De Smet, SD 57231. Built in 2016, this Class A property sits on a 54,014 square foot lot and is currently operating under a 15-year absolute NNN lease with 7 years remaining. The lease commenced April 18, 2016, and expires July 31, 2032, providing significant long-term stability. The property boasts a 100% occupancy rate and generates a strong net operating income (NOI) of $85,872, resulting in an attractive 7.50% capitalization rate. The lease includes rent bumps, with a 3% increase at year 11 and a 10% increase per renewal option. Four (4) five (5)-year renewal options are available, further enhancing the investment's long-term value. This single-story building is situated in a prime location along US-14-E, the eastern entrance to De Smet, South Dakota, surrounded by complementary businesses including Legend Seeds, Dairy Queen, Oxbow Restaurant, and Sinclair Gas. The property's strong tenant, corporate lease guaranty, and minimal landlord responsibilities make it an ideal investment, particularly for 1031 exchange purposes. The asking price is $1,144,960.

    Property Features for 301 Us-14

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,002 SF
    Class
    A

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    1

    HighLights

    • 7.5% Cap Rate.
    • $85,872 Net Operating Income (NOI).
    • Absolute Net Lease; no landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    De Smet
    County
    Kingsbury
    State
    South Dakota
    Longitude
    -97.546660303896
    Latitude
    44.381582572705

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    FAQs

    What type of property is this?
    Individual retail property - High-yield SD convenience store, 7.5% cap rate.
    Where is this individual retail property located?
    The property is located at 301 Us-14 De Smet, SD.
    What is the asking price?
    The asking price for this property is $1,144,960.
    What are key features of this property?
    This property features: 7.5% Cap Rate.; $85,872 Net Operating Income (NOI).; Absolute Net Lease; no landlord responsibilities.
    Request Owner's contact information
    301 Us-14 De Smet, SD 57231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 Us-14 De Smet, SD 57231
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