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Chapter Aesthetic Studio | Rapid City, SD 908 Eglin St

3,540 SF Retail Building Rapid City, SD 57701 £2,237,308 (£632/SF) 6.25% Net Initial Yield

Investment Highlights

  • ST Chapter Aesthetic Studio | One of the leading medical aesthetic studios in the U.S. with 22 locations in 7 states | Aspen Dental Corporate Guaranty
  • Top 9% Most Trafficked Center in the U.S. per Placer.ai; #1 Most Trafficked Center in South Dakota
  • Synergy with Aspen Dental Located in the Same Center; #1 Most Trafficked Aspen Dental in South Dakota
  • #1 “Fastest-Growing City in the Midwest” - AreaDevelopment.com (2022 and 2023) | Rapid City MSA; 156,000 people | No state income tax

Executive Summary

Single-Tenant Chapter Aesthetic Studio; Aspen Dental Corporate Guaranty | New 10-Year Lease with 10% Increases | Top 9% Most Trafficked Center in the U.S. | #1 Most Trafficked Center in South Dakota | No State Income Tax

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,540 SF
Building Class
B
Year Built
2023
Price
£2,237,308
Price Per SF
£632
Net Initial Yield
6.25%
NOI
£139,832
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
0.85 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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908 Eglin St, Rapid City, SD - aerial map view - Image1
908 Eglin St, Rapid City, SD - aerial map view - Image2

Nearby Major Retailers

Starbucks
Five Guys
Perkins Restaurant & Bakery
Outback Steakhouse
Golden Corral
Boston Pizza
HuHot Mongolian Grill
Longhorn Steakhouse
Noodles & Company
Old Chicago Pizza
(844) 585-7674

  • Listing ID: 32031555

  • Date on Market: 05/06/2024

  • Last Updated:

  • Address: 908 Eglin St, Rapid City, SD 57701

The Retail Property at 908 Eglin St, Rapid City, SD 57701 is currently available For Sale. Contact Hanley Investment Group for more information.

Nearby Listings

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908 Eglin St, Rapid City, SD for sale Building Photo- Image 1 of 5
ST Chapter Aesthetic Studio - Rapid City - Loopnet
908 Eglin St, Rapid City, SD for sale Site Plan- Image 2 of 5
ChapterAestheticStudio_RapidCity_Siteplan
908 Eglin St, Rapid City, SD for sale Aerial- Image 3 of 5
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908 Eglin St, Rapid City, SD for sale Aerial- Image 4 of 5
ChapterAestheticStudio_RapidCity_Aerial2

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© 2024 CoStar Group

Chapter Aesthetic Studio | Rapid City, SD | 908 Eglin St
(844) 585-7674 x

Chapter Aesthetic Studio | Rapid City, SD | 908 Eglin St

Kevin Fryman

(844) 585-7674

(844) 585-7674

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