Dakota Marketplace

Huron, SD

Price $3,126,000
Cap Rate 8.50%
TYPE Multi-Tenant
STATUS Available
Tenant Dakota Marketplace
LEASE TYPE NNN
SQUARE FEET 27,400
PRICE/SQ FT $114
YEAR BUILT 2006
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Neil Schmid, Cirrus Commercial Realty Services, Inc.
South Dakota Local Broker #11179

Property Description

Dakota Marketplace is a multitenant strip center with a great tenant mix in South Dakota. This property is 88% occupied with tenants such as Maurcies, Shoe Sensation & a Verizon Wireless premium retailer. The 12% vacancy offering is a buyer upside to improve cash flow/yield!

The subject property is located in Huron, South Dakota situated on a large 8.077 acre parcel next to a Walmart Supercenter on the main thoroughfare on Dakota Avenue South. Nearby retailers include Coborn’s Superstore, Ace Hardware, O’Reilly Auto Parts, Advance Auto Parts, Lewis Drug, etc. Dakota Marketplace is also only 3.5 miles from Dakota State Fair Speedway and 3 miles fro Huron Regional Medical Center.

* In Association with South Dakota Local Broker: Cirrus Commercial Realty Services, Inc

Property Highlights

  • 88% Occupied Strip Center with Tenants such as Maurices, Shoe Sensation & a Verizon Wireless Premium Retailer
  • Situated on a Large ±8.077 Acre Parcel Next to a Walmart Supercenter on Main North/South Thoroughfare on Dakota Ave S
  • Value Add: 12% Vacancy Offering a Buyer Upside to Improve Cash Flow/Yield!
  • Demographics: Total Population (5-MI): 14,246 | Avg HH Income (1-MI): $60,705 | Total Population Growth 2010-2018 (1-MI): 9.15%