Status   SALE PENDING  
Shopko Plaza-E. Arrowhead Pkwy- 7% CAP;
4501 E. Arrowhead Pkwy, Sioux Falls, SD, 57110 United States
just listed
$8,535,000
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List Date8/16/2018
TypeInvestment
School DistrictSioux Falls
AreaE7
Units14
Lot Size15 acres
Age1989-2000
Parking700 +/- stalls
Monthly Rent$52,194.00
Shopko Plaza is a 100% occupied commercial development located at E. Arrowhead Pkwy & Sycamore Avenue in eastern Sioux Falls. Many long term tenants and very low turnover. All leases are NNN, with one exception. Over $620,000 in annual gross revenue. 7% CAP rate. All financials, lease summaries, rent roll, etc are available to qualified buyers with confidentiality agreement.
Exterior Features Two Strip Malls; Outlot building; 2 land leases
Additional Features and Amenities All new or newer rubber roofs 2010,2011,2017, mostly new HVAC units; Exterior updated