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501 N Minnesota Ave
Sioux Falls, SD 57104
Kum & Go #611 · Retail Property For Sale

Investment Highlights

  • Immediate access to Downtown Sioux Falls and major transit corridors including I-29 and I-90.
  • Absolute NNN lease through September 2034 with no landlord responsibilities.
  • Positioned in the fastest-growing metro in South Dakota with a thriving economic base and major employers nearby.
  • Located on a primary arterial road with traffic counts exceeding 22,000 VPD.

Executive Summary

This offering presents a net-leased Mega Saver convenience store and fueling station situated along North Minnesota Avenue, a key arterial corridor in Sioux Falls with over 22,000 vehicles per day. The property is operated by TFL, Inc., which has scaled to roughly 100 locations across five states, ensuring operational stability and brand strength. The lease is an absolute NNN structure with zero landlord obligations, delivering long-term, predictable cash flow through a lease term expiring in September 2034.
The site benefits from its proximity to the Sioux Falls Regional Airport, which serves over 1.5 million passengers annually, and is located just 0.5 miles from the city’s expanding downtown core, with robust civic employers and ongoing development. The surrounding trade area includes major regional employers such as Sanford Health and Avera Health, supporting a strong economic base.
With South Dakota’s favorable tax climate—no state income tax or personal property tax—combined with the asset’s qualification for 100% bonus depreciation in year one, this acquisition presents a highly efficient capital allocation opportunity. This essential-service property is strategically positioned within a high-growth metro and backed by a leading convenience and fuel operator, making it an attractive, low-maintenance investment.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
3,392 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.76 AC
Frontage
75’ on Minnesota Ave

Property Taxes

Property Taxes

Parcel Number
52496
Land Assessment
$398,312 CAD
Improvements Assessment
$778,829 CAD
Total Assessment
$1,177,142 CAD
  • Listing ID: 40362713

  • Date on Market: 2026-05-01

  • Last Updated:

  • Address: 501 N Minnesota Ave, Sioux Falls, SD 57104

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