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5050 N Cliff Ave
Sioux Falls, SD 57104
Arby's · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Income Tax-Free State
  • Absolute NNN Lease | 18 Years Remaining Term
  • Highly Visible Site near Signalized Intersection
  • Excellent Rent/Sales Ratio
  • Strong Franchisee | Over 110 Units under Management
  • Positioned in Blue-Collar Industrial Hub

EXECUTIVE SUMMARY

Colliers International is proud to present the Arby’s restaurant site on Cliff Avenue in Sioux Falls, South Dakota. Arby’s has been at this location since its construction in 1995 and currently operates under a 20-year lease with approximately 18 years remaining term. This is an absolute net-leased property (Absolute NNN) with no landlord responsibilities for property taxes, utilities, maintenance or roof/structure. Rental income is set at a base amount, with percentage rent being applied above a specified gross sales figure as an efficient hedge against inflation. The franchisee on-site is DRM, Inc., one of the largest Arby’s operators in the country with over 110 locations nationwide.
Arby’s has a long and successful track record at this site since 1995. It benefits greatly from its strategic location along the on and off ramps of Interstate 90, along with its positioning within the industrial core of north Sioux Falls. The neighboring blue-collar workforce has limited options in the immediate vicinity, providing a competitive advantage for this location. There are 2.7 million square feet of industrial space within a 1-mile radius of the Arby’s site, with 43,000 square feet under construction and a vacancy rate below one percent, providing a stable customer base for local retailers.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,534 SF
Year Built/Renovated
1995/2008
Price
$2,303,268 CAD
Price Per SF
$651.75 CAD
Cap Rate
6.01%
NOI
$138,426 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.18 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
40798
Land Assessment
$224,324 CAD
Improvements Assessment
$828,758 CAD
Total Assessment
$1,053,082 CAD
  • Listing ID: 38144387

  • Date on Market: 2025-10-20

  • Last Updated:

  • Address: 5050 N Cliff Ave, Sioux Falls, SD 57104

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