1962 Deadwood Avenue Rapid City, SD 57702
Other
MLS #: 85627
Courtesy Of Keller Williams Realty Black Hills
Property InformationDescription
Prime NNN Investment Opportunity 24,970 SF industrial building fully leased to Johnstone Supply through April 2030. Current base rent is $12,885/month with 2% annual escalations, and two 5-year renewal options at market rate. Landlord responsibilities are limited to structure and roof. Johnstone Supply is a national HVAC/R distributor with 460+ locations. The Rapid City location, operated by SF2RC LLC, holds 48% local market share the largest in the region. This structure provides reliable, long-term tenancy with substantial financial backing. Built in 2020, the facility offers high-quality infrastructure including 18.5 center ceiling height, 14 sidewalls, an 8 W x 10 T dock door and drive-through OH door with ramp, fire sprinklers, hanging OH heaters, and 3-phase/480V power. Interior includes three private offices, four shared workstations, a training room, classroom, full break room/kitchen, and a climate-controlled showroom. Located on Rapid City s active Deadwood Ave corridor, this asset combines modern construction, strong tenancy, and a passive income profile ideal for investors seeking stability and growth.
Features
- Age: 1-5 Years Old
- Architecture Style: Other
- Floors: 1
- MLSID: 85627
MAP & DIRECTIONS
Copyright © 2025 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
