Kringen Investment Property



Description

Fully leased investment property located on the Highway 34 business district in Madison, South Dakota.

Three office buildings on a 87,834 square feet site. Property is zoned Highway Business District.

Income is $72,302.28 NNN annually for the entire property and the lease expires on 6-30-2021. One master lease covers all buildings. Approximately a 9% cap rate.

Building A: 3,233 sq. ft. built in 1961 with updates/additions in 2001 and 2007.

Building B: 7,012 sq. ft. built in 1949 with updates/additions in 1968, 1973 and 2002.

Building C: 2,688 sq. ft. built in 2001.