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Creative Surfaces Portfolio 3 Properties Offered at $13,500,000 in Multiple Locations
Investment Highlights
- Well-performing, owner-managed investment portfolio
- Long-term lease structure supports durable income and inflation protection
- Absolute net lease structure provides predictable cash flow with minimal landlord involvement
Executive Summary
ABSOLUTE NET LEASE STRUCTURE
A well-performing, owner-managed investment portfolio, anchored by Creative Surfaces occupying approximately 90% of the portfolio under an absolute net lease structure.
Creative Surfaces is responsible for property taxes, insurance, common area maintenance, and major repairs and capital replacements, including roof, structure, and parking lot.
The absolute net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
DIVERSIFIED INCOME WITH VALUE-ADD POTENTIAL
One building includes approximately 15,000 SF of multi-tenant office space, currently owner-managed, providing additional income diversification.
Multiple office tenants reduce reliance on a single income source and provide near-term opportunities for rent growth through renewals and future leasing activity.
A buyer may elect to continue owner-management or transition to third-party management, offering flexibility based on investment strategy.
EMBEDDED GROWTH OPPORTUNITY
Fair market lease rates across the portfolio on Creative Surfaces.
Office tenants have below-market rents offering upside, value-add for buyer.
LEASE TERMS
10-year initial lease term with one (1) five-year renewal option for the primary tenant.
Annual rent increases as detailed in the rent roll.
Long-term lease structure supports durable income and inflation protection.
A well-performing, owner-managed investment portfolio, anchored by Creative Surfaces occupying approximately 90% of the portfolio under an absolute net lease structure.
Creative Surfaces is responsible for property taxes, insurance, common area maintenance, and major repairs and capital replacements, including roof, structure, and parking lot.
The absolute net lease structure provides predictable cash flow with minimal landlord involvement, an attractive opportunity for private capital investors seeking stable income.
DIVERSIFIED INCOME WITH VALUE-ADD POTENTIAL
One building includes approximately 15,000 SF of multi-tenant office space, currently owner-managed, providing additional income diversification.
Multiple office tenants reduce reliance on a single income source and provide near-term opportunities for rent growth through renewals and future leasing activity.
A buyer may elect to continue owner-management or transition to third-party management, offering flexibility based on investment strategy.
EMBEDDED GROWTH OPPORTUNITY
Fair market lease rates across the portfolio on Creative Surfaces.
Office tenants have below-market rents offering upside, value-add for buyer.
LEASE TERMS
10-year initial lease term with one (1) five-year renewal option for the primary tenant.
Annual rent increases as detailed in the rent roll.
Long-term lease structure supports durable income and inflation protection.
Property Facts
| Price | $13,500,000 | Status | Active |
| Price / SF | $305.73 / SF | Number of Properties | 4 |
| Sale Condition | Sale Leaseback | Individually For Sale | 0 |
| Cap Rate | 6.37% | Total Building Size | 44,157 SF |
| Sale Type | Investment NNN | Total Land Area | 7.07 AC |
| Price | $13,500,000 |
| Price / SF | $305.73 / SF |
| Sale Condition | Sale Leaseback |
| Cap Rate | 6.37% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 44,157 SF |
| Total Land Area | 7.07 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1501 Centre St, Rapid City, SD 57703 | Office | 8,975 SF | 1977 | - |
| 1501 N Industrial Ave, Sioux Falls, SD 57104 | Industrial | 25,182 SF | 1964 | - |
|
Canfield Warehouse
1609 N Industrial Ave, Sioux Falls, SD 57104 |
Industrial | 10,000 SF | 1973 | - |
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