Vermillion, SD 57069

Starbucks

Property Address

East Cherry Street & North Plum Street, Vermillion, SD, USA

Offering Summary

  • Price: $2,335,000
  • Lot Size: .70 Acres
  • Cap Rate: 5.40%
  • Year Built: 2022
  • Building SF: 2,365
  • Status: In Escrow
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  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • New 2022 Construction with a Drive-Thru
  • Rare Opportunity - Property is Located in an Opportunity Zone
  • 7.5 Percent Rental Increases Every Five Years
  • Easily Walkable Location Adjacent to 9,500+ College Students at the University of South Dakota
  • College Town Location with 18,608 Residents within the Surrounding Trade Area - Households Projected to Increase 8%+ within a One-Mile Radius by 2026
  • Situated at the Signalized Hard Corner of East Cherry Street and North Plum Street (14,500+ Cars/Day at the Intersection)
  • Within One Mile of Two New Student Housing Developments with a Combined 241 Units - The Heights and The Quarters at Vermillion
  • Close Proximity to National Retailers - Walmart, Burger King, McDonald’s, and More

Broker Information