Rapid City is a core regional market for net-lease investment, serving as the commercial hub for the Black Hills and a multi-state trade area including western South Dakota, northeastern Wyoming, and portions of Nebraska and Montana. This regional draw supports long-term tenant performance and durable cash flow. The subject property is strategically located along Deadwood Avenue, a primary industrial corridor connecting Interstate 90 to the Omaha/Chicago Street intersection, where the area transitions into a dense retail, food-service, and residential node. The site offers strong visibility, convenient access, and consistent traffic exposure?key drivers of tenant sales and lease stability. The surrounding area has seen significant reinvestment in recent years, with new development and the repositioning of older assets enhancing the corridor's appeal and long-term fundamentals. The tenant has recently executed a new 12-year NNN lease with multiple 5-year renewal options, providing stable, predictable income. The investment offers a 7.50% Year One cap rate on base rent. While the landlord initially funds capital improvements, the tenant reimburses these costs over an amortized term, limiting long-term ownership exposure. The property is offered as part of a four-property portfolio. Additional details are available in the attached Offering Memorandum. Listed by: Randy Olivier, RE/MAX Advantage | 605-430-6246.