Retail Space - For Sale
420 10th Avenue Northeast Watertown, SD 57201
Details & Description
Price: $1,737,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.050
  • Building Sq Ft 9,026
  • Building Price per Sq Ft $192.44
  • Land Sq Ft 45,738
  • Land Price per Sq Ft $37.98
An absolute NNN Dollar General in Watertown, SDThe property is a new construction store and features a 15-year primary lease term (14+ years left) with five, 5-year options to extend at increased rents (10% every 5 years during option terms). The lease is backed by a corporate guaranty from Dollar General, #123 on the Fortune 500 list of companies. Additionally, the absolute NNN lease structure means that there are zero landlord expense or maintenance obligations, providing an investor with a “hands-off” investment.Dollar General generated $33.75 billion in 2020 fiscal year sales and net income of $2.66 billion. Dollar General currently operates over 17,000 stores in 46 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors.
Listing Agents
John Andreini
Capital Pacific
O: 415-274-2715
jandreini@capitalpacific.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

420 10th Avenue Northeast

Watertown, SD 57201

Listing ID: 259450
$1,737,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 1.050
  • Building Sq Ft 9,026
  • Building Price per Sq Ft $192.44
  • Land Sq Ft 45,738
  • Land Price per Sq Ft $37.98
  • 420 10th Avenue Northeast Watertown, SD 57201 | for Sale | Photo 1
  • 420 10th Avenue Northeast Watertown, SD 57201 | for Sale | Photo 2
  • 420 10th Avenue Northeast Watertown, SD 57201 | for Sale | Photo 3
420 10th Avenue Northeast | for Sale | Thumbnail 1
420 10th Avenue Northeast | for Sale | Thumbnail 2
420 10th Avenue Northeast | for Sale | Thumbnail 3
Description

An absolute NNN Dollar General in Watertown, SD

The property is a new construction store and features a 15-year primary lease term (14+ years left) with five, 5-year options to extend at increased rents (10% every 5 years during option terms). The lease is backed by a corporate guaranty from Dollar General, #123 on the Fortune 500 list of companies. Additionally, the absolute NNN lease structure means that there are zero landlord expense or maintenance obligations, providing an investor with a “hands-off” investment.

Dollar General generated $33.75 billion in 2020 fiscal year sales and net income of $2.66 billion. Dollar General currently operates over 17,000 stores in 46 states, making it the country’s largest small-box discount retailer. The company has an S&P rating of BBB, which has been raised five times since 2009, and is a better credit rating than its main competitors.

Attachments & Files

Listing Demographics for 420 10th Avenue Northeast Watertown, SD 57201

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,55818,47122,361
Population Median Age393940
Population by Age0-9 Yrs1020 (13%)2554 (13%)3022 (13%)
10-19 Yrs801 (10%)2209 (11%)2630 (11%)
20-29 Yrs1204 (15%)2737 (14%)3049 (13%)
30-39 Yrs956 (12%)2328 (12%)2866 (12%)
40-49 Yrs837 (11%)1980 (10%)2334 (10%)
50-59 Yrs952 (12%)2330 (12%)3096 (13%)
60-69 Yrs865 (11%)2004 (10%)2537 (11%)
70+ Yrs923 (12%)2329 (12%)2827 (12%)
Median HH Income$52,230$48,349$52,485
Total Household Income< 24K849 (25%)2097 (25%)2227 (22%)
25-49K792 (23%)2176 (26%)2526 (25%)
50-74K631 (18%)1530 (18%)1842 (18%)
75-99K577 (17%)1261 (15%)1574 (15%)
100-199K413 (12%)965 (11%)1389 (14%)
200K+124 (3%)266 (3%)325 (3%)
Highest Education LevelNo Diploma64912281388
Diploma or GED171344185320
Some College97426053031
Assoc. Degree58516292133
Bachelors Degree93219892623
Higher Degree406634808
Total Housing Units3,5888,79910,730
--Owner-Occupied1,9764,6836,030
--Renter-Occupied1,4103,6123,852
Owner-Occupied Values< 100K3309881233
100-199K105122132412
200-299K42510331412
300-399K132306588
400-499K2256140
500K+1787245
Total Working Age Population6,05914,73317,850
In Work Force4,19910,32012,504
Not In Work Force1,8614,4125,346
Workforce Employed4,14510,05212,195
Workforce Unemployed54255293
Civlian Workforce4,19910,30812,489
Military Workforce01315
Total Households3,3868,2959,882
Family Households1,7584,5875,821
Non-Family Households1,6283,7084,062
Married Couple1,3953,4574,533
Other Family3621,1301,287
Married w/Child5601,3961,752
Single Male w/Child05370
Single Female w/Child191680741

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
South Dakota754,844+8814,180+9889,447+7951,885
Codington County25,897+527,227+628,932+430,204
Grant County7,847-67,356-56,962-56,628

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Retail Space Listings for Sale Nearby
Address Price Sq Ft Acres
810 2nd Street West, Watertown, SD $275,000 2116 0.11
817 9th Avenue Southeast, Watertown, SD $699,000 2256 0.55
2600 9th Avenue Southeast, Watertown, SD $998,000 3281 1.01
2233 Kansas Avenue Southeast, Huron, SD $995,000 31363 0.72
1420 East College Drive, Marshall, MN $2,600,000 127876 16.7
317 2nd Street Northwest, Pipestone, MN $550,000 24000 1.23
221 County Road 19, Aberdeen, SD $725,000 8190 -
220 South Main Street, Aberdeen, SD $240,000 13550 -
202 South Main Street, Aberdeen, SD $235,000 40214 -
210 South Main Street, Aberdeen, SD $119,000 7000 -
Closest Commercial Airports
Airport Distance (mi)
Sioux Gateway Airport / Brigadier General Bud Day Field (SUX) 177
Minneapolis-St Paul International (Wold-Chamberlain Airport) (MSP) 190
Rochester International Airport (RST) 238
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