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Rapid City, SD 57702 1962 Deadwood Avenue

1962 Deadwood Avenue Rapid City, SD - Image 11962 Deadwood Avenue Rapid City, SD - Image 21962 Deadwood Avenue Rapid City, SD - Image 3
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Presented By: Keller Williams Realty Black Hills RC
  • MLS# 85627
  • 08/11/2025
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  • SQFT • 24,970

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 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.
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
Price $2,700,000
MLS#85627
List Date 08/11/2025
Property Type Commercial
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