1025 Highline Pl Sioux Falls, SD 57110-1000

This exceptional Class A retail investment property, located at 1025 S Highline Pl, Sioux Falls, SD 57110, presents a compelling opportunity. The 14,523 square foot, single-building center boasts 13,982 square feet of net rentable space and is currently 100% occupied by five diverse tenants: Subway, Gent's Grooming, GNC, Verizon, and Community Blood Bank. This stabilized investment offers a pro-forma cap rate of 6.76% and a pro-forma NOI of $344,969. Built in 2012, the property sits on a 3.29-acre lot and benefits from a NNN lease structure. The property is situated within the thriving Dawley Farm Village shopping center, the #4 shopping center in South Dakota, shadow-anchored by Target and other regional power centers, attracting over 7.3 million visits annually. This prime location enjoys excellent visibility and accessibility via Veterans Parkway, a major thoroughfare connecting I-29 and I-90. The surrounding area demonstrates strong demographics, with a 3-mile radius population of 61,975 and an average household income of $82,000. Further growth is anticipated with over 750 new housing units under construction and plans for over 1,600 acres of additional residential development. 2023 property taxes payable in 2024 are $47,928.06. The property is zoned C-4 Commercial. This is a rare opportunity to acquire a high-performing retail asset in a rapidly expanding market. The asking price is $5,100,000.