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Retail bldg for sale - Well established 5955 Mt Rushmore Rd 12,328 SF 71% Leased Retail Building Rapid City, SD 57701 $2,490,000 ($201.98/SF)
Investment Highlights
- Well established and well maintained
- High visibility
- Suites F and G are currently for lease
Executive Summary
A Location Positioned for Growth. Well-established and maintained commercial property with four strong local tenants, multiple income streams, and clear upside through lease-up. Current tenants include: Ponderosa Smiles — dental practice. Good Dominion Tattoos —tattoo studio. Karate for Kids — martial arts business. K&O Property Management — property management. Two additional spaces area vailable, creating a direct path to higher occupancy, rental income, and NOI: Front/CORNER Anchor Space + Drive-Thru (2,380sf)highly visible space suited for retail, medical, food, service, or other customer-focused uses. Existing drive-thru infrastructure adds flexibility and value. Rear Office + Warehouse (3,028sf) Versatile office and warehouse space ideal for contractors, trades, distributors, service businesses, and other users needing both workspace and storage. Located along Mount Rushmore Road, a major Rapid City commercial corridor connecting Interstate 90, the city, and the Black Hills. Just north, Sanford Health is planning a $500M+ medicalcampus with approximately 480,000 square feet, 168 inpatient beds, and capacity for 168 additional beds. Supported in significant part by a landmark $300M philanthropic gift, the campus is expected to open in 2030. Nearby Catron Boulevard/U.S. 16 is also experiencing substantial residential, medical, and commercial development, including Dream Design International's mixed-use projects. Own the Income. Capture the Growth. The seller also agrees to reimburse the buyer for one year of missed rent income of the current vacant lease space if it's still fully vacant one year after closing! Own the Income! 5955 Mount Rushmore Road combines established cash flow with meaningful lease-up potential in one of Rapid City's evolving commercial corridors.
The Investment Proposition: Four established tenants. Existing rental income. Two lease-up opportunities. Drive-thru infrastructure. Flexible office/warehouse space. Major medical investment nearby. Continued residential/commercial growth. Significant NOI upside.
The Investment Proposition: Four established tenants. Existing rental income. Two lease-up opportunities. Drive-thru infrastructure. Flexible office/warehouse space. Major medical investment nearby. Continued residential/commercial growth. Significant NOI upside.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,328 SF
Building Class
C
Year Built
2002
Price
$2,490,000
Price Per SF
$201.98
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.38 AC
Zoning
General Commercial - General Commercial - Retail
Parking
70 Spaces (5.68 Spaces per 1,000 SF Leased)
Frontage
195’ on Mount Rushmore Road
Amenities
- Freeway Visibility
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Good Dominion Tatoos
- Arts, Entertainment, and Recreation
- 1,825 SF
- $14.69
- Triple Net
- -
- K&O Property Management
- Rental and Leasing Services
- 1,046 SF
- $14.86
- Triple Net
- -
- Karate for Kids
- Arts, Entertainment, and Recreation
- 1,570 SF
- $14.04
- -
- -
- Ponderosa Smiles - Dental Practice
- Health Care and Social Assistance
- 2,399 SF
- $18.17
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Good Dominion Tatoos | Arts, Entertainment, and Recreation | 1,825 SF | $14.69 | Triple Net | - | |
| K&O Property Management | Rental and Leasing Services | 1,046 SF | $14.86 | Triple Net | - | |
| Karate for Kids | Arts, Entertainment, and Recreation | 1,570 SF | $14.04 | - | - | |
| Ponderosa Smiles - Dental Practice | Health Care and Social Assistance | 2,399 SF | $18.17 | Triple Net | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0035423 | Improvements Assessment | $1,361,400 |
| Land Assessment | $390,700 | Total Assessment | $1,752,100 |
Property Taxes
Parcel Number
0035423
Land Assessment
$390,700
Improvements Assessment
$1,361,400
Total Assessment
$1,752,100
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Retail bldg for sale - Well established | 5955 Mt Rushmore Rd