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Nellie's Mercantile & Saloon 17500 Hwy 34

3,465 SF 100% Leased Retail Building Enning, SD 57737 £434,426 (£125/SF) 12.83% Net Initial Yield

Investment Highlights

  • Store is a staple of the community and offers an array of revenue streams.
  • Spacious and Inviting; The Mercantile was newly built in 2016, offering a generous 3,465 sq. ft. of space.
  • Convenience Store & Grocery; Restaurant & Bar
  • Includes a 14x70, 3-bedroom home, fully furnished for the new owner/manager or rental income.

Executive Summary

Incredible Business Opportunity Awaits You! Seize the chance to own the local hotspot—Nellie's Mercantile & Saloon! This thriving hometownbar, restaurant, and store is a staple of the community and offers an array of revenue streams. About Nellie's Mercantile & Saloon: ConvenienceStore & Grocery: Fully equipped and ready for business. US Post Office: Secure a stable income with a 10-year lease. Restaurant: Full kitchenwith a grill, stove, 2 freezers, 2 refrigerators, and 3 sinks. Bar: Spacious and inviting, featuring chairs, stools, TV, and karaoke. Originallyestablished in the 1950s as Enning Store, The Mercantile was newly built in 2016, offering a generous 3,465 sq. ft. of space. Included with theProperty: 2005 Cavalier Manufactured Home: A 14x70, 3-bedroom home, fully furnished for the new owner/manager. HighlightedFeatures:10x19 walk-in cooler 9x10 walk-in freezer, New well installed in 2015, New septic system installed in 2017, 6 electric hookups forcamping sites, Building wired for video lottery machines. Expansion Opportunities: Capitalize on Sturgis Rally traffic and electric car poweringstations. All inventory is included in this sale, presenting a truly turnkey business opportunity. Don't miss out on this unique chance town abeloved local establishment with endless potential for growth and expansion. After over 10 years of successfully running this business, theowner has decided to retire.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront
Building Size
3,465 SF
Building Class
C
Year Built
2016
Price
£434,426
Price Per SF
£125
Net Initial Yield
12.83%
NOI
£55,752
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.06
Land Acres
1.32 AC

Amenities

  • Corner Lot
  • Restaurant
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • US Post Office
  • -
  • 99,999 SF
  • -
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease End
US Post Office - 99,999 SF - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 73.19.214
  • 73.09.335
Land Assessment
£5,614
Improvements Assessment
£162,157
Total Assessment
£167,771
  • Listing ID: 33612009

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 17500 Hwy 34, Enning, SD 57737

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