1720 10Th StSioux Falls, SD 57103

This exceptional investment opportunity presents a 1,103 square foot, single-tenant, absolute triple-net (NNN) leased property located at 1720 E 10th St, Sioux Falls, SD 57103. The property, built in 2022, is a Take 5 Oil Change franchise, benefiting from a new 15-year lease with 10% rent increases every five years. The current annual net operating income (NOI) is $108,000, yielding a 6.75% cap rate at the asking price of $1,600,000. The lease includes three, five-year renewal options, providing long-term stability and predictable income growth. The property sits on a 0.56-acre lot with four parking spaces and enjoys excellent visibility and access from 10th Street (over 20,500 vehicles per day) and proximity to I-229 (31,840 vehicles per day). The location benefits from strong demographics, including a population within a 3-mile radius of 90,430 residents with an average household income exceeding $89,700. Furthermore, the area is experiencing significant growth, with a projected annual population increase of 1.34% within a 1-mile radius over the next five years. The property's proximity to the University of Sioux Falls, Sanford USD Medical Center, and major retail centers further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market with a strong, nationally recognized tenant. The property is 100% occupied.