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665 E Disk Dr 6,500 SF Retail Building Rapid City, SD 57701 $1,311,414 ($201.76/SF) 7% Cap Rate
Investment Highlights
- Tenant reports unit-level sales; current rent represents only ±3% of gross sales well below the 6-8% casual dining benchmark, signaling strong store.
- Current rent $14.12/SF positioned meaningfully below market a proven interstate-frontage casual dining box supporting tenant retention and NOI growth.
- Currently delivers ±$886M in annual economic impact and supports ±9,100 service members, civilians, and dependents.
- Current term (12/01/2025 – 11/30/2030) is the fourth and final option. With no extensions remaining, tenant must return to the table.
- Positioned along Heartland Expressway with ±23,815 VPD and located right off the exit capturing daily commuters seasonal Black Hills tourism Traffic.
- Five-mile population of 72,724 with $78,000 AHI; ten-mile population of 120,024 across the Rapid City MSA.
Executive Summary
Rapid City is the primary economic, healthcare, and tourism hub of western South Dakota, located in Pennington County along Interstate 90 within the Rapid City MSA. The city anchors a multi-county trade area extending across the Black Hills region and into neighboring states, with a population of approximately 75,000+ supported by steady residential growth, regional in-migration, and its role as a commercial and healthcare destination for western South Dakota.
Historically rooted in military presence, tourism, and regional trade, Rapid City has evolved into a diversified market serving as both a residential base and commercial destination for a broad multi-county trade area. Commercial activity is concentrated along Interstate 90, Mount Rushmore Road, and major arterial corridors supporting national retailers, grocery-anchored centers, restaurants, and hospitality uses, while the subject property is positioned along the Heartland Expressway corridor with direct I-90 visibility.
The regional economy is anchored by Ellsworth Air Force Base (home to the incoming B-21 Raider program), Monument Health, regional government operations, South Dakota Mines, Western Dakota Technical College, and tourism tied to Mount Rushmore, Badlands National Park, and the Black Hills National Forest — providing one of the most stable and diversified employment bases in the Upper Midwest.
Historically rooted in military presence, tourism, and regional trade, Rapid City has evolved into a diversified market serving as both a residential base and commercial destination for a broad multi-county trade area. Commercial activity is concentrated along Interstate 90, Mount Rushmore Road, and major arterial corridors supporting national retailers, grocery-anchored centers, restaurants, and hospitality uses, while the subject property is positioned along the Heartland Expressway corridor with direct I-90 visibility.
The regional economy is anchored by Ellsworth Air Force Base (home to the incoming B-21 Raider program), Monument Health, regional government operations, South Dakota Mines, Western Dakota Technical College, and tourism tied to Mount Rushmore, Badlands National Park, and the Black Hills National Forest — providing one of the most stable and diversified employment bases in the Upper Midwest.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,500 SF
Building Class
C
Year Built
2000
Price
$1,311,414
Price Per SF
$201.76
Cap Rate
7%
NOI
$91,799
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.09 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0050875 | Improvements Assessment | $723,400 |
| Land Assessment | $490,100 | Total Assessment | $1,213,500 |
Property Taxes
Parcel Number
0050875
Land Assessment
$490,100
Improvements Assessment
$723,400
Total Assessment
$1,213,500
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665 E Disk Dr
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