302 E 5th St
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302 E 5th St
9,000 SF Retail Building Canton, SD 57013 £548,355 (£61/SF) 6.21% Net Initial Yield
Investment Highlights
- Strong Corporate Credit
- Optimal Location In Community
- Lease Extensions With Increases
- Below Market Rent
Executive Summary
Optimal Location – Property is located on a corner lot (35,250 SF) along Canton’s main retail/business thoroughfare with ample parking and signage.
Dollar General recently extended lease through July 2030 with two 5-year extensions leading to potential tenant through July 2040.
Dollar General recently extended lease through July 2030 with two 5-year extensions leading to potential tenant through July 2040.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,000 SF
Building Class
C
Year Built
1955
Price
£548,355
Price Per SF
£61
Net Initial Yield
6.21%
NOI
£34,053
Tenancy
Single
Number of Floors
1
Building FAR
0.26
Land Acres
0.81 AC
Zoning
C - Commercial
Frontage
160 ft on 5th
Amenities
- Pylon Sign
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 200.10.16.010 | Improvements Assessment | £291,124 |
| Land Assessment | £56,268 | Total Assessment | £347,391 |
PROPERTY TAXES
Parcel Number
200.10.16.010
Land Assessment
£56,268
Improvements Assessment
£291,124
Total Assessment
£347,391
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302 E 5th St
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