Furniture Mart | Low Rent PSF 2320 Broadway Ave 39,120 SF 100% Leased Retail Building Yankton, SD 57078 $1,857,000 ($47.47/SF) 7% Cap Rate

SRS Real Estate Partners, LLC in collaboration with Bender Commercial are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased Furniture Mart USA investment property located in Yankton, South Dakota. The tenant, Furniture Mart USA, Inc., operates one of the largest furniture retail networks in the Midwest and currently occupies the property under a lease term extending through December 31, 2030. The lease includes four (4) additional 5-year renewal options with 3% rental increases at the beginning of each option period, providing continued income growth and long-term occupancy potential. The NNN lease structure requires the tenant to pay real estate taxes, utilities, maintenance, snow removal, landscaping, and other operating expenses, creating a low-management investment opportunity for passive and out-of-state investors. This property is being offered exclusively as part of a two-property portfolio with the Spirit Lake, IA Furniture Mart property and must be purchased together.