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Furniture Mart | Low Rent PSF 2320 Broadway Ave 39,120 SF 100% Leased Retail Building Yankton, SD 57078 $2,631,016 CAD ($67.26 CAD/SF) 7% Cap Rate



Investment Highlights
- Furniture Mart USA | Long-Term Occupancy | Renewal Options
- Located Along Yankton’s Primary Retail Corridor | Strong Retail Synergy
- Strong Demographics (5-Mile) | Regional Retail Hub
- NNN Lease Structure | Fee Simple Ownership | Passive Investment Opportunity
- Signalized Intersection | Highway Frontage | Excellent Visibility & Access
Executive Summary
SRS Real Estate Partners, LLC in collaboration with Bender Commercial are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Furniture Mart USA investment property located in Yankton, South Dakota. The tenant, Furniture Mart USA, Inc., operates one of the largest furniture retail networks in the Midwest and currently occupies the property under a lease term extending through December 31, 2030. The lease includes four (4) additional 5-year renewal options with 3% rental increases at the beginning of each option period, providing continued income growth and long-term occupancy potential. The NNN lease structure requires the tenant to pay real estate taxes, utilities, maintenance, snow removal, landscaping, and other operating expenses, creating a low-management investment opportunity for passive and out-of-state investors. This property is being offered exclusively as part of a two-property portfolio with the Spirit Lake, IA Furniture Mart property and must be purchased together.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
39,120 SF
Year Built/Renovated
1999/2017
Price
$2,631,016 CAD
Price Per SF
$67.26 CAD
Cap Rate
7%
NOI
$184,197 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.22
Lot Size
4.14 AC
Opportunity Zone
Yes
Zoning
Y2 - Hwy Business
Parking
78 Spaces (1.99 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 78.385.001.200 | Improvements Assessment | $1,010,469 CAD |
| Land Assessment | $342,868 CAD | Total Assessment | $1,353,337 CAD |
Property Taxes
Parcel Number
78.385.001.200
Land Assessment
$342,868 CAD
Improvements Assessment
$1,010,469 CAD
Total Assessment
$1,353,337 CAD
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Furniture Mart | Low Rent PSF | 2320 Broadway Ave
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