Sale or NNN Ground Lease Opportunity on Major Thoroughfare

Name: Sale or NNN Ground Lease Opportunity on Major Thoroughfare
Creator: Northco

4001 E 10th St , Sioux Falls, SD 57103

$2.00 SF/yr (NNN)

Sale Price

Lease Rate

Property Details

Property Description

SVN | Northco is pleased to present a prime ground lease OR sale opportunity at 4001 E 10th St in Sioux Falls, SD. This Property includes a +/- 4,490sf vacant second generation restaurant space, previously a Denny's located on +/- 1.16 acres of land, with 90 available parking spaces ("Property"). The Property is in close proximity to many strong-performing retail locations such as Target, Walmart, Taco Bell, KFC, Domino's, DQ, Caribou, Applebee's, and more. In addition, there are more than a dozen hotels in the surrounding area, creating consistent breakfast, lunch and dinner clients. It is in a prime location, on 10th St E, which is part of the largest east-west thoroughfare through Sioux Falls.

Highlights

Available immediately
+/- 1.16 acre ground lease opportunity in a high-visibility location on a major thoroughfare (highly desirable 10th Street East).
The parcel is improved with a +/- 4,490 SF former Denny's restaurant.
Frontage on E. 10th Street with 25,900 VPD
Ample space for parking with 90 spots that are currently available
Located 2.7 miles east of downtown Sioux Falls, SD

Map

Location Description

The Property is located in Sioux Falls, SD, off highway 229. Sioux Falls is known for all things entertainment, culture, food, shopping, and adventure. The property is located 2.7 miles east of Downtown Sioux Falls, a premiere destination with some of the most progressive and unique shops. The community of diverse local merchants is available to serve visitors and offers antique shops, clothing and gift boutiques, furniture, and home décor.

Sioux Falls a thriving city with a strong economy and population growth. In fact, it is one of the fastest growing cities in the U.S. - Its population was 193,233 in the 2020 Census and has increased by 5.2% since then. With an annual growth rate of 1.71% annually, it‘s one of the 50 fastest-growing cities in the U.S.

South Dakota is also one of 9 states that does not levy a state income tax - you get the most out of your investment here.

Nearby major cities include:
Minneapolis, MN - 231 miles southeast of Minneapolis
Des Moines, IA - 280 miles northwest of Des Moines
Fargo, ND - 293 miles south of Fargo

Nearby local airports include Sioux Falls Regional Airport (7 miles) and Sioux Gateway Airport (94 miles). Nearby International Airports include Minneapolis-Saint Paul International Airport (231 miles) and Hector International Airport (249 miles).