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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
| Parcel Number | 0042929 | Improvements Assessment | $1,157,000 |
| Land Assessment | $363,700 | Total Assessment | $1,520,700 |
Property Taxes
Parcel Number
0042929
Land Assessment
$363,700
Improvements Assessment
$1,157,000
Total Assessment
$1,520,700
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