1201 Milbank Ave Milbank, SD 57252

This exceptional investment opportunity presents a 2,100 square foot Pizza Hut restaurant located at 1201 E Milbank Ave, Milbank, SD 57252. The property, built in 1984, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $30,000. Currently operating under a single-tenant, absolute NNN lease with a seasoned franchisee, the lease features four remaining options and expires on December 31, 2032, providing a remaining lease term of approximately 8.1 years. The lease includes annual rent increases of 1%. The asking price is $428,500, translating to a price per square foot of $204.05. The property enjoys 100% occupancy and presents a compelling sale-leaseback opportunity with seller financing available. This is a rare chance to acquire a well-established, passively managed income stream in a stable market. The property is situated in Grant County, South Dakota.