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1459 SW Dakota Ave 2,400 SF Retail Building Huron, SD 57350 $514,405 ($214.34/SF) 8.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease is guaranteed by Prime Communications which serves as the largest authorized AT&T retailer with over 2,000+ locations nationwide.
- Traffic counts on Dakota Ave S exceed ±13,000 vehicles daily.
- South Dakota serves as an income tax-free state.
- Extremely attractive 3% annual rent increases throughout the remaining life of lease.
- Close proximity to South Dakota State University (±12,065 enrollment -2024).
- Parcel is conveniently located within an opportunity zone which provides additional tax benefits.
EXECUTIVE SUMMARY
Experience a prime investment opportunity at 1459 Dakota Ave S, Huron, SD 57350. This property boasts a guaranteed lease by AT&T retailer Prime Communications, with 3% annual rent increases. Positioned in an opportunity zone in tax-free South Dakota, the site benefits from high traffic and close proximity to South Dakota State University. With no AT&T competition within a 54-mile radius, this property is a strategic asset. The area features popular national tenants, including Walmart, McDonald’s, and O’Reilly Auto Parts. Huron, the 8th largest city in SD, is situated near Sioux Falls, the state's prime MSA. AT&T, ranked 13th on the Fortune 500 list, has invested significantly in its network, offering leading 5G service. With a robust financial overview, including a 8.65% cap rate and NOI of $44,496, this property presents a compelling opportunity for savvy investors. Don't miss out on this exclusive listing!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1949/1997
Price
$514,405
Price Per SF
$214.34
Cap Rate
8.65%
NOI
$44,496
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.54 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
30 Spaces (1.2 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13146 | Improvements Assessment | $153,506 |
| Land Assessment | $55,650 | Total Assessment | $209,156 |
PROPERTY TAXES
Parcel Number
13146
Land Assessment
$55,650
Improvements Assessment
$153,506
Total Assessment
$209,156
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1459 SW Dakota Ave
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