Description
Single Tenant NNN Investment Opportunity! This 26,300sf building sits on 2.46 acreswith excellent exposure and frontage on Interstate 90. The property is currently occupied by Arctic Glacier Ice Company. Approximately 17,000sf of the building is refrigerated/freezer storage. The remaining 1/3 of the building will be converted by the tenant to additional freezer storage andice production. Arctic Glacier signed a new 15 year lease in April 2022 and will occupy 100% of the building by November 15, 2022. New roof coating to be installed in September. Landlord responsibilities are limited to only roof, structure and HVAC replacement. 6% cap rate on year 1 with 2.5% annual increases. Very rare hands off investment opportunity. Listing by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
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0BEDS
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2.46ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Single Tenant NNN Investment Opportunity! This 26,300sf building sits on 2.46 acreswith excellent exposure and frontage on Interstate 90. The property is currently occupied by Arctic Glacier Ice Company. Approximately 17,000sf of the building is refrigerated/freezer storage. The remaining 1/3 of the building will be converted by the tenant to additional freezer storage andice production. Arctic Glacier signed a new 15 year lease in April 2022 and will occupy 100% of the building by November 15, 2022. New roof coating to be installed in September. Landlord responsibilities are limited to only roof, structure and HVAC replacement. 6% cap rate on year 1 with 2.5% annual increases. Very rare hands off investment opportunity. Listing by Chris Long, Keller Williams Realty Black Hills, 605-939-4489.
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