Nellie's Mercantile & Saloon | 17500 Hwy 34
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Nellie's Mercantile & Saloon 17500 Hwy 34
3,465 SF 100% Leased Retail Building Enning, SD 57737 $773,379 CAD ($223 CAD/SF) 12.83% Cap Rate
Investment Highlights
- Store is a staple of the community and offers an array of revenue streams.
- Spacious and Inviting; The Mercantile was newly built in 2016, offering a generous 3,465 sq. ft. of space.
- Convenience Store & Grocery; Restaurant & Bar
- Includes a 14x70, 3-bedroom home, fully furnished for the new owner/manager or rental income.
Executive Summary
Incredible Business Opportunity Awaits You! Seize the chance to own the local hotspot—Nellie's Mercantile & Saloon! This thriving hometownbar, restaurant, and store is a staple of the community and offers an array of revenue streams. About Nellie's Mercantile & Saloon: ConvenienceStore & Grocery: Fully equipped and ready for business. US Post Office: Secure a stable income with a 10-year lease. Restaurant: Full kitchenwith a grill, stove, 2 freezers, 2 refrigerators, and 3 sinks. Bar: Spacious and inviting, featuring chairs, stools, TV, and karaoke. Originallyestablished in the 1950s as Enning Store, The Mercantile was newly built in 2016, offering a generous 3,465 sq. ft. of space. Included with theProperty: 2005 Cavalier Manufactured Home: A 14x70, 3-bedroom home, fully furnished for the new owner/manager. HighlightedFeatures:10x19 walk-in cooler 9x10 walk-in freezer, New well installed in 2015, New septic system installed in 2017, 6 electric hookups forcamping sites, Building wired for video lottery machines. Expansion Opportunities: Capitalize on Sturgis Rally traffic and electric car poweringstations. All inventory is included in this sale, presenting a truly turnkey business opportunity. Don't miss out on this unique chance town abeloved local establishment with endless potential for growth and expansion. After over 10 years of successfully running this business, theowner has decided to retire.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,465 SF
Building Class
C
Year Built
2016
Price
$773,379 CAD
Price Per SF
$223 CAD
Cap Rate
12.83%
NOI
$99,251 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Land Acres
1.32 AC
Amenities
- Corner Lot
- Restaurant
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- US Post Office
- -
- 99,999 SF
- -
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
US Post Office | - | 99,999 SF | - | Jan 0000 |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $287,889 CAD | |
Land Assessment | $9,966 CAD | Total Assessment | $297,856 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,966 CAD
Improvements Assessment
$287,889 CAD
Total Assessment
$297,856 CAD
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Nellie's Mercantile & Saloon | 17500 Hwy 34
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