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Hobby Lobby Center
Rapid City, SD 57701
Hobby Lobby Center- 100% Occupied- Value Add · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 100% Leased Hobby Lobby Anchored Retail Shopping Center - Multi Tenant (3) NNN Leases
  • Best in Class Anchor Hobby Lobby - Largest Privately Owned Arts-and-Crafts Retailer
  • Each Tenant Sits on Individual Parcel for Break-up Strategy - Potential Outparcel Value Add!
  • Main & Main Retail Trade Area for City - Adjacent to Uptown Rapid Mall (680K SF)
  • Rapid City is Gateway to Mt. Rushmore - 2nd Largest City in South Dakota o Abundant Resources
  • Diverse Tenant Mix - Staggered Lease Terms - Below Market Rents - Long Term Income Growth

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
120,276 SF
Building Class
B
Year Built/Renovated
1979/1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
4.61 AC
Zoning
SC-2 - Wholesale
Parking
259 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
413’ on East Disk Drive

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0048168
Land Assessment
$627,900
Improvements Assessment
$2,686,100
Total Assessment
$3,314,000
  • Listing ID: 29696912

  • Date on Market: 10/3/2023

  • Last Updated:

  • Address: Hobby Lobby Center, Rapid City, SD 57701

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