This Retail Property is no longer advertised on LoopNet.com.

120 Disk Dr
Rapid City, SD 57701
Red Lobster · Retail Property For Sale

Investment Highlights

  • 11+ years remaining on absolute NNN ground lease with 10% rental increases every 5 years (zero LL expense/maintenance obligations)
  • Corporate lease: Red Lobster Hospitality LLC
  • Extremely low rent – $13.86/SF
  • Top 12% Red Lobster location in the country (per Placer.ai)
  • 35+ year operating history at the site
  • Standalone outparcel of Uptown Rapid Mall – the only enclosed shopping mall within 250 miles

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
8,300 SF
Building Class
B
Year Built/Renovated
1988/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.58 AC

Property Taxes

Property Taxes

Parcel Number
0042929
Land Assessment
$363,700
Improvements Assessment
$1,157,000
Total Assessment
$1,520,700
  • Listing ID: 29751670

  • Date on Market: 10/10/2023

  • Last Updated:

  • Address: 120 Disk Dr, Rapid City, SD 57701

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