131 N Nebraska St, Salem, SD, 57058

Highlights

• Build-to-suit construction in 2016
• This is the only Dollar Store in Salem
• Approx. 5+ years remaining on the lease that expires on 2/28/2031
• Four (4) 5-Year options to renew at a 10% increase at each option period
• South Dakota is an income Tax-Free state
• Price/SF is $110.00
• Salem is a 45 minute drive from Sioux Falls, SD
• Double Net (NN) - Landlord responsible for roof and structure

Description

Offered at $1,000,925 with an 8.65% Cap Rate, this Dollar General has been a staple in the community since 2016. The property features a 9,100 sq. ft. prototypical building with ample parking situated on a prominent one-acre corner lot. Conveniently located just off U.S. Highway 81—a major north/south corridor through South Dakota—the site benefits from strong visibility and accessibility. In the center of Salem, U.S. 81 is also known as Nebraska Street.

Salem, South Dakota, serving as the county seat of McCook County, combines small-town charm with access to outdoor recreation and local historical sites. The Dollar General is strategically located at a prominent intersection in the heart of town, just off U.S. Highway 81—also known as Nebraska Street—Salem’s main north/south thoroughfare. This prime positioning provides excellent visibility and accessibility within the community. Salem is named after Salem, Massachusetts.