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1720 S Sycamore Ave
Sioux Falls, SD 57110
Walgreens - Tax Free State · Retail Property For Sale
PROPERTY FACTS
ABOUT 1720 S SYCAMORE AVE , SIOUX FALLS, SD 57110
The subject property is a 14,820 square foot Walgreens store located in Sioux Falls, South Dakota, part of the Minnehaha county. Walgreens (NASDAQ: WBA) has an Investment Grade Credit Rating “BBB” by Standard & Poor’s. Tenant has been successfully operating at this address for almost 14 years, showing strong commitment to the location.South Dakota is a very unique state with no Rite Aid presence, only 4 CVS stores (within Target stores) and only 18 Walgreens in total. This significantly reduces the influence of market risks on this site. There are approximately 11+/- years remaining on the initial term of the lease. Lease is an absolute NNN lease providing investors with carefree ownership. Store was built in 2004 to capture the spatial gap of Walgreens presence in the Eastern part of the city, along the South Sycamore Avenue.
PROPERTY TAXES
| Parcel Number | 27939 | Improvements Assessment | $1,884,462 |
| Land Assessment | $787,955 | Total Assessment | $2,672,417 |
PROPERTY TAXES
