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Chick-Fil-A 4005 W 41st St 4,995 SF 4-Star Retail Building Sioux Falls, SD 57106 $4,323,094 CAD ($865.48 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate-guaranteed NNN ground lease with Chick-fil-A
- Prime hard-corner site within the Empire Place development, with 41st Street frontage
- Surrounded by major retailers including Target, Ulta Beauty, Hy-Vee, Barnes and Noble, Sam’s Club, Kohl’s, and much more
- ~15.75 years remaining on the additional 20-year term (expires 8/2041)
- Top performing CFA location ranking #43 nationwide in sales (top 2%)
- South Dakota has no personal or corporate income tax
EXECUTIVE SUMMARY
Exceptional ground lease investment opportunity with Chick-fil-A, Inc. in Sioux Falls, South Dakota. This 2021-built prototype store features dual drive-thru lanes and a corporate-guaranteed 20-year NNN ground lease with approximately 15.75 years remaining and 10% rent increases every five years.
Located within Empire Place, a new retail development featuring a strong mix of national co-tenants. The property sits directly adjacent to The Empire Mall, a true destination that welcomes over 8 million visitors annually from across a four-state region. The property benefits from exceptional exposure along 41st Street (36,000+ VPD) and Louise Avenue (23,900+ VPD). This intersection is the most heavily trafficked corridor in the state and the center of Sioux Falls' dominant retail center.
Located within Empire Place, a new retail development featuring a strong mix of national co-tenants. The property sits directly adjacent to The Empire Mall, a true destination that welcomes over 8 million visitors annually from across a four-state region. The property benefits from exceptional exposure along 41st Street (36,000+ VPD) and Louise Avenue (23,900+ VPD). This intersection is the most heavily trafficked corridor in the state and the center of Sioux Falls' dominant retail center.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,995 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$4,323,094 CAD
Price Per SF
$865.48 CAD
Cap Rate
4%
NOI
$172,924 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.19 AC
Zoning
C-4 - Regional Commercial District
Frontage
541’ on 41ST ST
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46841 | Improvements Assessment | $8,555,355 CAD |
| Land Assessment | $3,966,464 CAD | Total Assessment | $12,521,820 CAD |
PROPERTY TAXES
Parcel Number
46841
Land Assessment
$3,966,464 CAD
Improvements Assessment
$8,555,355 CAD
Total Assessment
$12,521,820 CAD
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Chick-Fil-A | 4005 W 41st St
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