1700 Dakota AveSouth Sioux City, NE 68776

Property Details for 1700 Dakota Ave

Year built

2000

Lot size

0.67 AC

Property size (Sq ft)

7,056 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

220027323

APU

220027323

Description

This fee-simple retail investment opportunity presents a 7,000 square foot Advance Auto Parts in South Sioux City, Nebraska. The property, built in 2000, sits on a 0.67-acre lot with 38 parking spaces and boasts a prominent location at the signalized intersection of US Hwy 77 and Dakota Ave, experiencing over 52,500 vehicles daily. The current lease, a Net-Net (NN) agreement with a corporate guarantee, has approximately 4.1 years remaining, with a 5-year option to extend including a 22.68% rent increase at the start of the option period. This translates to a strong NOI of $69,504 and a 7.75% cap rate on the $897,000 asking price ($128.14/SF). The property benefits from excellent visibility and significant street frontage, complemented by a large sign. The surrounding area features strong demographics, with a 5-mile trade area population exceeding 102,600 and an average household income of $88,362. Nearby national retailers include Walmart, Hy-Vee, McDonald's, Taco Bell, and other auto parts stores, creating synergistic traffic. The property's permitted zoning is commercial, and the APN is 220027323. This low-management investment offers a secure, passive income stream with significant upside potential. The lease commencement date was August 10, 2012, and the lease expiration is December 31, 2028.

• CAP approach

  CAP return

  Valuation

  6%

  $1,601,860

  6.5%

  $1,478,640

  7%

  $1,373,023

• Comparable approach

  Method

  Valuation

  Relative Method

  $907,548

  Geo Method

  $907,548

• Alternative Use

  Use

  Valuation

  Residential

  $1,247,288

  Hospitality

  $1,142,510

  Educational

  $950,554

  Medical

  $983,246

  Retail

  $1,478,640

Location Insight

City

South Sioux City

County

Dakota

State

Nebraska

Latitude

42.4734

Longitude

-96.4134

CBSA code

43580

CBSA name

SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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