1201 Milbank AveMilbank, SD 57252

For Sale
$428,500

High-yield QSR investment; 8+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 2,100 square foot Pizza Hut restaurant located at 1201 E Milbank Ave, Milbank, SD 57252. The property, built in 1984, boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $30,000. Currently operating under a single-tenant, absolute NNN lease with a seasoned franchisee, the lease features four remaining options and expires on December 31, 2032, providing a remaining lease term of approximately 8.1 years. The lease includes annual rent increases of 1%. The asking price is $428,500, translating to a price per square foot of $204.05. The property enjoys 100% occupancy and presents a compelling sale-leaseback opportunity with seller financing available. This is a rare chance to acquire a well-established, passively managed income stream in a stable market. The property is situated in Grant County, South Dakota.

Highlights

  • $428,500 asking price for this Pizza Hut retail property.
  • Absolute NNN lease with a seasoned franchisee tenant.
  • 8.1 years remaining on the lease, expiring 12/31/2032, with four lease options.
  • 7.00% cap rate based on a $30,000 net operating income (NOI).
  • 2,100 square feet building, priced at $204.05 per square foot.
  • Located at 1201 E Milbank Ave, Milbank, SD 57252.

Property Details for 1201 Milbank Ave

Property type
Other retail properties, Restaurants
Square Feet
2,100 SF
Year Built
1984

Location Insight

City
Milbank
County
Grant
State
South Dakota
Latitude
45.222972103125
Longitude
-96.618113795517
1201 Milbank Ave, Milbank, South Dakota

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1201 Milbank Ave
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