2408 Broadway AveYankton, SD 57078

For Sale
$1,600,000

Prime Retail Bank Building, NNN Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a single-tenant, 4,988-square-foot bank building located at 2408 N Broadway Ave, Yankton, SD 57078. The property, built in 2007, sits on a sizable 54,886-square-foot lot and boasts 26 parking spaces, ensuring ample convenience for customers and staff. Currently occupied by a regional bank with a substantial presence across 14 states, the property benefits from a triple-net (NNN) lease with a remaining term of approximately 3.4 years, expiring March 31, 2028. The building is zoned B-2, reflecting its prime location within a thriving retail and commercial corridor on a major thoroughfare. The asking price is $1,600,000, translating to a price per square foot of $320.77. The tenant owns all fixtures within the building. This is a single-story building offering a strong, stable income stream for investors. The property's strategic location and long-term lease make it an attractive investment prospect with significant potential for future returns. The building's solid construction and established tenant base provide a low-risk, high-reward opportunity in a desirable South Dakota market. This is a turnkey investment ready for immediate income generation.

Highlights

  • Single-tenant, 4,988 SF bank building on a 54,886 SF lot.
  • NNN lease with approx. 3.4 years remaining, expiring March 31, 2028.
  • Located at 2408 N Broadway Ave, Yankton, SD 57078, in a B-2 zoned area.
  • 26 parking spaces.
  • Asking price: $1,600,000 ($320.77/SF).

Property Details for 2408 Broadway Ave

Property type
Other retail properties, Individual retail properties
Square Feet
4,988 SF
Year Built
2007
Buildings
1
Stories
1

Location Insight

City
Yankton
County
Yankton
State
South Dakota
Latitude
42.8969941
Longitude
-97.3965873
2408 Broadway Ave, Yankton, South Dakota

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2408 Broadway Ave
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