Single Tenant NNN Investment Opportunity! This 26,300sf building sits on 2.46 acres with excellent exposure and frontage on Interstate 90. The property is currently occupied by Arctic Glacier Ice Company. Approximately 17,000sf of the building is refrigerated/freezer storage. The remaining 1/3 of the building will be converted by the tenant to additional freezer storage and ice production. Arctic Glacier signed a new 15 year lease in April 2022 and will occupy 100% of the building by November 15, 2022. New roof coating to be installed in September. Landlord responsibilities are limited to only roof, structure and HVAC replacement. 6% cap rate on year 1 with 2.5% annual increases. Very rare hands off investment opportunity. Listing by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
Property Details
Price:
$3,400,000 / $3,250,000
MLS #:
73974
Status:
Sold ((Feb 15, 2023))
Baths:
0
Address:
4711 I-90 Service Road
Type:
Commercial
Neighborhood:
Box Elder
City:
Box Elder
Listed Date:
May 6, 2022
State:
SD
Finished Sq Ft:
26,300
ZIP:
57701
Lot Size:
107,157 sqft / 2.46 acres (approx)
Year Built:
1976
See this Listing
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Schools
Interior
C O O L I N G
Refrig. C/ Air
H E A T I N G
Natural Gas, Electric
Exterior
C O N S T R U C T I O N
Concrete
L O T D E S C R I P T I O N
Interior Lot
P A R K I N G
Parking Lot
R O A D S U R F A C E
Gravel
T O P O G R A P H Y
Level
Financial
U T I L I T I E S- S E W E R
City ( At Site)
Map
Community
- Address4711 I-90 Service Road Box Elder SD
- AreaBox Elder
- CityBox Elder
- Zip Code57701
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Courtesy of Keller Williams Realty Black Hills RC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the . Detailed information about real estate listings held by brokerage firms other than Dakota Home and Ranch Real Estate include the name of the listing broker. Neither the listing company nor Dakota Home and Ranch Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. . All rights reserved.
4711 I-90 Service Road
Box Elder, SD
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