1700 Dakota Ave, South Sioux City, NE 68776-2710

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.