Rapid Fitness

415 N Highway 77 Dell Rapids, SD

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Sale Price: $456,282.00

Building Size: 4,620 sq. ft.

Total Available Space: 4,620 sq. ft.

Property Type: Investment | Retail

Year Built: 1997

Property Description

Property Features

  • Fully leased, single tenant investment opportunity
  • Building: 4,620 sq. ft.
  • Lot: 22,625 sq. ft.
  • Year Built: 1997
  • Zoning: B-2
  • Currently operating as a gym
  • Leased until December 31, 2020
  • Average annual rent: $38,784
  • Cap rate: 8.5%
  • Owner is a licensed broker in South Dakota

Pricing

  • List Price: $456,282.00
  • $98.76/sq. ft.
  • Price includes real estate
  • 2016 Real Estate Taxes = $6,344.57

Location

  • Just north of the Hwy 77 & West 4th St. intersection
  • Area neighbors include: Bilmar Inn & Suites, Dells Farm & Tire, Great Western Bank, Video Plus, Subway, Dairy Queen, Casey’s

Brokers

Troy Fawcett, CCIM, SIOR

President/Principle Broker

Office Phone: (605) 444-7120

Troy is the President/Principle Broker of NAI Sioux Falls and has 17 years experience in the Sioux Falls Commercial real estate market. Troy is very creative and capable, with a deep knowledge of the local market. Troy has achieved both the CCIM and SIOR designations and is committed to learning and networking through these affiliations to the benefit of his clients.

View Troy's Profile