Family Dollar – Eagle Butte, SD
Fortis Net Lease is proud to present this freestanding Family Dollar Store located on US Highway 212 West in Eagle Butte, SD. Family Dollar recently extended into their 1st, and 2nd options, providing for 10 new years of their NN lease. They also expanded their footprint by 1,530 SF in 2012. There are seven, five year options remaining each with a 10% rental rate increase. The tenant is responsible for payment of all taxes and insurance as well as common area maintenance. The landlord is responsible for maintaining the roof and structure of the building.
This Family Dollar store is situated northeast of downtown Eagle Butte on US Highway 212 which sees 1,555 vehicles per day. Eagle Butte is located in Northern South Dakota less than 70 miles from the North Dakota border. The surrounding area is well-suited for Family Dollar’s target demographics and it will benefit from limited retail competition in the immediate area. The subject offering represents an ideal opportunity for a 1031 exchange buyer to attain the fee simple ownership of an Family Dollar.
• Amazing Store Sales | $4.28 Million in 2018.
• Seven, Five Year Options Remaining | 10% Rental Increase At Each Option
• Recently Extended – Corporate Guaranteed Lease
• NN Lease with Minimal Landlord Responsibilities
• No Competitive Surrounding Retail
• 10 Mile Population Exceeds 4,000 Residents
• 2.95% Projected Population Growth by 2023
• 10 Average Household Income Exceeds $46,700
• 1.3 Miles From Oglala Lakota College
Instate Broker of Record: Robin K. Johnson | Dakota Plains Commercial Real Estate | License # 15391