- For Sale $1,000,925
- Property Type Retail - Freestanding
- Property Size 9,100 SF
- Lot Size 1 Acre
- Year Built 2016
- Date Updated Aug 26, 2025
Salem, South Dakota, serving as the county seat of McCook County, combines small-town charm with access to outdoor recreation and local historical sites. The Dollar General is strategically located at a prominent intersection in the heart of town, just off U.S. Highway 81—also known as Nebraska Street—Salem’s main north/south thoroughfare. This prime positioning provides excellent visibility and accessibility within the community. Salem is named after Salem, Massachusetts.Offered at $1,000,925 with an 8.65% Cap Rate, this Dollar General has been a staple in the community since 2016. The property features a 9,100 sq. ft. prototypical building with ample parking situated on a prominent one-acre corner lot. Conveniently located just off U.S. Highway 81—a major north/south corridor through South Dakota—the site benefits from strong visibility and accessibility. In the center of Salem, U.S. 81 is also known as Nebraska Street.
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Highlights
- Approx. 5+ years remaining on the lease that expires on 2/28/2031
- Build-to-suit construction in 2016
- Double Net (NN) - Landlord responsible for roof and structure
- Four (4) 5-Year options to renew at a 10% increase at each option period
- Price/SF is $110.00
- Salem is a 45 minute drive from Sioux Falls, SD
- South Dakota is an income Tax-Free state
- This is the only Dollar Store in Salem
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Contacts
Daniel Miller
NAI Capital
Location
Getting Around
-
Walk Score ®
51/100
Somewhat Walkable
-
Bike Score ®
40/100
Somewhat Bikeable
Powered by Walk Score ®
- City Salem, SD
- Neighborhood Salem
- Zip Code 57058
Frequently Asked Questions
How much does 131 N Nebraska St cost?
The space currently listed for sale at 131 N Nebraska St asks for $1,000,925.
What is the total square footage of 131 N Nebraska St?
131 N Nebraska St totals 9,100 square feet.
When was this property built?
131 N Nebraska St was built in 2016.
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Contact Listing Broker
Daniel Miller
NAI Capital