Rapid City, SD 57702 1962 Deadwood Avenue
$2,700,000



6 more







Presented By: Keller Williams Realty Black Hills RC
Home Details
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 shareâthe 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 18.5â center ceiling height, 14â sidewalls, an 8âW x 10âT 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 Cityâs active Deadwood Ave corridor, this asset combines modern construction, strong tenancy, and a passive income profile ideal for investors seeking stability and growth.
Presented By: Keller Williams Realty Black Hills RC
General for 1962 Deadwood Avenue
Agent First NameChristopher
Agent Last NameLong
AreaRapid City-Northwest
Auction Y/NNo
CityRapid City
ClassCOMMERCIAL/INDUSTRIAL
ConstructionConcrete, Metal Frame
CovenantsNo
DirectionsTurn right into the property shortly before Plaza Dr, when headed Northwest on Deadwood Ave
Listing Agent1840
ParkingParking Lot
Sale/RentFor Sale
Short SaleNo
StatusActive
StatusUC-CONTINGENCY-TAKE BKUPS
Status Detail1
SubdivisionRandall
TypeCI Land w/Building
Year Built2020
current useStorage
Exterior for 1962 Deadwood Avenue
Lot Size Area2.45
Parking Spaces29
Additional Details
Price History

Jerilyn Suridis
Broker Associate