1902 Eastgate Ave
Pierre, SD 57501
Goodwill Retail Store · Retail Property For Sale

This is an excellent opportunity to purchase an investment property for $2,400,000 at 6.75% cap rate with 11 years remaining on the lease. This lease includes scheduled 5% rent increases and two 5-year options. Goodwill of Great Plains has been in business for over 100 years, and operates 21 retail stores and donation centers in Iowa, Nebraska, Minnesota and South Dakota. This Goodwill property, which is adjacent to Menards, is located on Eastgate Avenue, just north of East 4th street and only 2 mile south of a ramp for Route 14 (U.S. 14). Traffic counts along East 4th street average 4,899 vehicles per day, while U.S. 14 sees about 19,035 vehicles daily. The Northridge Plazaby, anchored by JCPenney and Hobby Lobby, is less than a mile from the property. There are several other retailers in close proximity to the Goodwill , including Wal-mart, Menards, O' Reilly Auto Parts, Beck Cadillac dealership, Gliks, GNC, U-Haul, Pierre Sports Center, Movie Mania, and more. South Dakota' s capital, Pierre (pronounced peer' ), is located in the center of the state and has a population of about 14,000 people. As the capital of South Dakota, Pierre has preserved their Greek Revival capital building. In 1989 Pierre restored it to its original magnificence, making it the most fully restored capitol building in the U.S. Pierre is known for museums, beautiful views, and unique places to dine.  The city is also home to several parks and recreation areas, including two state parks.