1962 DEADWOOD AVE

Rapid City, SD 57702

Prime NNN Investment Opportunity 24,970 SF industrial building fully leased to Johnstone Supply through April 2030, currently in Year 6 of a 10-year NNN lease. 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.

Listing courtesy of CHRISTOPHER LONG of KELLER WILLIAMS REALTY BLACK HILLS



Listing information is provided by Participants of the Black Hills Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Black Hills Association of REALTORS MLS.
Data last updated at: 2025-08-15 08:47 PM UTC