Sold Ideal investment opportunity here with this “smaller format” Shopko Hometown store. An absolute NNN deal covering 32,280 SF. The property offers great visibility and signage, ample parking and features an in-store pharmacy. Compared to some Shopko (flat rent) leases; this store has healthy rent bumps + sales reporting! That coupled with cheap rent, makes for an attractive investment on a variety of levels.
Located in the southeastern corner of South Dakota, Madison is 50 miles northwest of Sioux Falls, South Dakota’s largest city. Madison is the county seat of Lake County and is home to Dakota State University.
In Cooperation with JDS Real Estate Services, Inc. – Broker of Record: Jennifer D. Stein – SD License #13512
Please inquire below for additional information.
| Price: | SOLD |
| Address: | 800 Washington Ave S |
| City: | Madison |
| State: | SD |
| ZIP: | 57042 |
| Lease Expiration: | May 31, 2031 |
| Year Built: | 1975 |
| Square Feet: | 32,280 SF |
| Lot Acreage: | 5.02 AC |
| Cap Rate: | 7.5% |
| Lease Type: | NNN |
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