225 Kemp Ave Watertown, SD 57201
- Retail properties
- 10,809 SF
Current Use by Public Records
- Retail properties
Property Details for 225 Kemp Ave
- Property size
- 10,809 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a portfolio of four established convenience stores and gas stations located throughout southeastern South Dakota. The portfolio totals 10,809 square feet and boasts 100% occupancy under a single tenant, the Freedom Gas Station Portfolio. Each location is a long-standing business, deeply rooted within its community. The properties are strategically situated in Watertown (225 W Kemp Ave, 57201), Huron (1903 Dakota Ave S, 57350), Vermillion (830 E Cherry St, 57069), and Mitchell (512 S Sanborn Blvd, 57301). The portfolio offers significant value-add potential, featuring open fuel supply for both regular and diesel. The concentrated geographic location in southeastern South Dakota simplifies management and oversight. Nearby national tenants include Subway, McDonald's, Dairy Queen, UPS, and Walmart, indicating strong surrounding commercial activity. The gas station component provides increased depreciation expenses, a factor to consider for tax planning. This is a rare opportunity to acquire a well-established, high-performing portfolio with significant growth potential. The asking price for this turnkey investment is $2,900,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Codington
- State
- South Dakota
- Longitude
- -97.1191
- Latitude
- 44.9016
