1220 9th Ave SE | Watertown, SD 57201
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- LoopNet Team
1220 9th Ave SE
Watertown, SD 57201
ARBY'S · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN - The property features an Absolute NNN lease with over 19 years of remaining lease term
- PERCENTAGE RENT UPSIDE – the site is operated by DRM, Inc., who operates over 120 Arby’s stores in Illinois, Iowa, Minnesota, Missouri, Nebraska
- CENTRAL LOCATION– the mall is the largest shopping center in town and home to many major brands such as Hy-Vee Grocery Store
- STRONG AND GROWING SALES – the store has produced above average revenue store sales compared to other Arby’s for the last 3+ years.
- NATIONAL OPERATOR – the lease features an additional rent clause, based on store sales, allowing the Owner to capture increased returns
- MAJOR US HIGHWAY & RETAIL CORRIDOR – the Watertown Shopping Mall sits in the heart of town’s primary retail corridor, featuring national brands
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,500 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.67 AC
Zoning
C-2 - Commercial
Parking
51 Spaces (14.57 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Security System
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 012393 | Improvements Assessment | $259,762 |
| Land Assessment | $379,171 | Total Assessment | $638,933 |
PROPERTY TAXES
Parcel Number
012393
Land Assessment
$379,171
Improvements Assessment
$259,762
Total Assessment
$638,933
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