225 Kemp AveWatertown, SD 57201

For Sale
$2,900,000

Four locations, high ROI, net lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of four established convenience stores and gas stations located throughout southeastern South Dakota. The portfolio totals 10,809 square feet and boasts 100% occupancy under a single tenant, the Freedom Gas Station Portfolio. Each location is a long-standing business, deeply rooted within its community. The properties are strategically situated in Watertown (225 W Kemp Ave, 57201), Huron (1903 Dakota Ave S, 57350), Vermillion (830 E Cherry St, 57069), and Mitchell (512 S Sanborn Blvd, 57301). The portfolio offers significant value-add potential, featuring open fuel supply for both regular and diesel. The concentrated geographic location in southeastern South Dakota simplifies management and oversight. Nearby national tenants include Subway, McDonald's, Dairy Queen, UPS, and Walmart, indicating strong surrounding commercial activity. The gas station component provides increased depreciation expenses, a factor to consider for tax planning. This is a rare opportunity to acquire a well-established, high-performing portfolio with significant growth potential. The asking price for this turnkey investment is $2,900,000.

Highlights

  • Excellent value-add opportunities with open fuel supply for regular and diesel.
  • Four properties concentrated in southeastern South Dakota for simplified management.
  • Strong surrounding commercial activity with nearby national tenants including Subway, McDonald's, Dairy Queen, UPS, and Walmart.
  • Increased depreciation expenses from gas station operations; consult your CPA.
  • Four long-established, community-pillar businesses.

Location Insight

City
Watertown
County
Codington
State
South Dakota
Latitude
44.9015603
Longitude
-97.1191111
225 Kemp Ave, Watertown, South Dakota

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225 Kemp Ave
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