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3 Asset Portfolio 3 Retail Properties Offered at $9,806,487 CAD in Multiple Locations
Investment Highlights
- Single-tenant investment leased to nationally recognized tenant since 2006.
- 1.5% annual rent escalator.
- Lease includes approximately 9+ years remaining in the primary term
Executive Summary
Conrad & Company is pleased to exclusively offer for sale this 3 Asset Portfolio featuring Sonic Drive-Ins located in the first and second-largest cities in South Dakota. These properties are leased on a NNN basis with 9+ years remaining, requiring next to no landlord responsibilities. The leases include 1.5% annual rent increases, providing investors with a strong hedge against inflation and a secured, income-producing investment opportunity.
Tenant is contractually responsible for all operating expenses, including CAM, real estate taxes, insurance, and maintenance.
The triple net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
Tenant is contractually responsible for all operating expenses, including CAM, real estate taxes, insurance, and maintenance.
The triple net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $9,806,487 CAD | Number of Properties | 3 |
| Price / SF | $1,873 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.68% | Total Building Size | 5,237 SF |
| Sale Type | Investment NNN | Total Land Area | 2.28 AC |
| Status | Active |
| Price | $9,806,487 CAD |
| Price / SF | $1,873 CAD / SF |
| Cap Rate | 5.68% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,237 SF |
| Total Land Area | 2.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 502 Century Rd, Rapid City, SD 57701 | Retail | 2,175 SF | 2017 | - |
|
SONIC
2316 Mount Rushmore Rd, Rapid City, SD 57701 |
Retail | 1,477 SF | 2007 | - |
|
SONIC
3810 W 34th St, Sioux Falls, SD 57106 |
Retail | 1,585 SF | 1998 | - |
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Presented by
Conrad & Company
3 Asset Portfolio
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