Back to Listings 625 Flormann Street
NNN Lease Investment Property
$999,000
Bldg 5,527 SF | Land 0.56 Acres | 1 Story
Property Information
Listing #168165
List Price $999,000
Zoning General Commercial
Bldg SF 5,527
Year Built 2001
County Pennington
Acres 0.56
Property Overview
Beautifully remodeled and well maintained single tenant NNN investment property located in Rapid City medical corridor. After being purchased and extensively remodeled in 2019 specifically for the tenant use, the location provides counseling and treatment services for substance abuse. Tenant is a subsidiary of QuickMD who purchased the business in March 2024. Current lease expires 5/31/2025, with the tenant having five 5-year renewal options. Building includes 4 large offices, 4 consultation rooms, 3 restrooms, breakroom/kitchenette, parking lot with 20 parking spots, and a 1,495 SF basement (renovated in 2023) that serves as extra work space. Equipped with key card entry and security throughout. The property previously operated as a bank, so the building has a fully functioning vault and 4 drive thru lanes, currently used for additional parking.
Highlights
⊲ Single Tenant NNN Investment Property
⊲ Well located in the Rapid City medical corridor
⊲ Extensive building remodel in 2019 and full basement renovation in 2023.
⊲ Current business has been in the building since 2019 and remodeled the building specifically for their use.
⊲ Building is equipped with interior and exterior video surveillance system.
⊲ Remote controlled heating/cooling system and an air purifying system installed throughout the entire building.
⊲ Key card entry with ADA push plate
⊲ Includes a fully functioning vault, 4 large offices, 4 consultation rooms, 3 restrooms, kitchenette, basement, and a parking lot with 20 spots.
Listing Agent
Commercial Broker
