NNN Properties For Sale in South Dakota (2026): Listings by Tenant, City and Cap Rate

12 NNN properties are observed for sale in South Dakota across 8 tenants and 8 cities as of October 30, 2026, at a median asking cap rate of 6.38%, 3 basis points above the national median of 6.35%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and cities carry the inventory, what it is asking, how South Dakota prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.

Asking cap rates in South Dakota run from 5.15% to 7.50%, with the middle half of listings between 5.95% and 6.85%. Median asking price $2.72M (median $417 per SF). Average remaining lease term 13.1 years among 4 listings that state a term. 4 listings report a 2026 build year. 5 listings were first observed and 4 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.

Key findings, as of October 30, 2026

12 NNN listings are observed in South Dakota, tied for the 45th largest inventory of the 50 states with listings.
The median asking cap rate of 6.38% is 3 basis points above the national median. That is the 29th highest median asking cap rate among the 50 states with observed listings.
The median South Dakota listing was first observed 97 days ago (tracking began July 25, 2026, so listings marketed before then may have been on the market longer); 5 were first observed and 4 dropped off active tracking in the last 90 days.

NNN Properties For Sale in South Dakota: Latest Listings

Up to twenty-four single-tenant net lease properties in South Dakota with published pricing, the newest from each tenant first so the table reflects the whole South Dakota market rather than one or two active tenants. Below the table, the full listing browser carries every observed South Dakota listing with tenant, city, cap rate, price and term filters. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Tenant	City	Asking Price	Cap Rate	NOI	Term Left	Built	Lease
Dollar General	Hot Springs	$1,574,000	6.25%	$98,384	n/a	2021	Not stated	Get full property data
7 Brew	Watertown	$1,282,000	5.85%	$75,000	n/a	2026	Not stated	Get full property data
Chipotle	Rapid City	$3,679,245	5.20%	$195,000	n/a	2026	Not stated	Get full property data
Les Schwab Tire Ctr	Rapid City	$3,300,970	5.15%	$170,000	n/a	2026	Not stated	Get full property data
Car Wash	Sioux Falls	$3,769,231	6.50%	$245,000	n/a	2019	Not stated	Get full property data
Lippert Components	Brandon	$17,537,426	7.50%	$1,315,307	n/a	1984	Not stated	Get full property data
Furniture Mart Usa	Yankton	$1,857,000	7.00%	$130,008	n/a	1999	Not stated	Get full property data
Burger King	Aberdeen	$1,778,706	6.25%	$111,169	11.4 yrs	1976	Absolute NNN	Get full property data
Car Wash	Sioux Falls	$4,074,818	6.85%	$275,000	12.9 yrs	2006	Absolute NNN	Get full property data
Car Wash	Sioux Falls	$3,704,380	6.85%	$250,000	12.9 yrs	1987	Absolute NNN	Get full property data

Showing 10 of 12 observed South Dakota listings: the newest from each tenant first, then each tenant’s next newest. Listings without a published asking price and cap rate are not shown here.

Filter by tenant, city, cap rate, price and term. Listings with undisclosed pricing included.

Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

South Dakota NNN Properties by Tenant

Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a full credit rating, cap rate and inventory profile; the rest are tracked here at the state level until they earn a page of their own.

Tenant	Listings	Median Cap	Cap Range	Median Price
Dollar General	2	6.25%	6.25% to 6.25%	$1.86M	Dollar General NNN for sale
7 Brew	1	5.85%	5.85% to 5.85%	$1.28M
Burger King	1	6.25%	6.25% to 6.25%	$1.78M	Burger King NNN for sale
Chipotle	1	5.20%	5.20% to 5.20%	$3.68M	Chipotle NNN for sale
Furniture Mart Usa	1	7.00%	7.00% to 7.00%	$1.86M
Les Schwab Tire Ctr	1	5.15%	5.15% to 5.15%	$3.30M
Lippert Components	1	7.50%	7.50% to 7.50%	$17.54M
Sioux Empire Transmission	1	n/a	n/a	$0.90M

Tenants with the most South Dakota listings observed (all 8). Tenants with a linked page have a full credit and inventory profile; 4 of the 12 listings belong to tenants with a profile page.

South Dakota NNN Properties by Category

Counts cover all observed listings from tenants with a profile page; the category pages aggregate the same tenants nationally.

South Dakota NNN Properties by City

The cities with the most observed South Dakota listings are Sioux Falls (4), Rapid City (2), Aberdeen (1). Tap any city in the table to filter the full listing browser to that city.

City	Listings	Median Cap	Avg Asking Price
Sioux Falls	4	6.85%	$3.11M
Rapid City	2	5.18%	$3.49M
Aberdeen	1	6.25%	$1.78M
Brandon	1	7.50%	$17.54M
Hot Springs	1	6.25%	$1.57M
Viborg	1	n/a	$2.15M
Watertown	1	5.85%	$1.28M
Yankton	1	7.00%	$1.86M

Cities with the most South Dakota listings observed (all 8). Tap a city to filter the full listing browser.

How South Dakota Prices Against the National NNN Market

The South Dakota median asking cap rate of 6.38% sits 3 bps above the national median of 6.35%. A state median reflects both location and which tenants happen to be on the market, so the state median alone is not a like-for-like price comparison. Compare any listing with its tenant’s national cap rate bands on the tenant page before reading the state spread as a discount or a premium; the investment grade guide explains how tenant credit sets the floor under those bands.

South Dakota Taxes and the 1031 Exchange Buyer

General information, not tax or legal advice. State income tax, real estate transfer tax and property tax assessment rules differ by state, and sometimes by county or city, and they affect both your exchange and what a replacement tenant could afford in rent. Confirm the rules that apply to your property with your CPA, tax attorney and qualified intermediary before you rely on them. Replacement property must be identified within 45 days after the sale of the relinquished property and received by the earlier of 180 days after that sale or the due date, including extensions, of your tax return for that year (Internal Revenue Code Section 1031(a)(3); Treasury Regulation 1.1031(k)-1(b)(2)). Ask your qualified intermediary to confirm your exact dates, and use the full listing browser above to filter South Dakota inventory by tenant and city, or each tenant page for national inventory on the same credit.

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How These Figures Are Calculated

Figures cover single-tenant net lease properties observed for sale in South Dakota across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. A listing counts while it is actively marketed; listings marked under contract, pending, on hold or closed are excluded, as are listings priced under $150,000. Medians use published asking prices and cap rates (where a cap rate is not stated, it is computed from the published NOI and price), so they describe what sellers are asking, not closed sale prices. The same-tenant comparison takes each tenant’s median asking cap rate in South Dakota and compares it with that tenant’s median in other states, for tenants with at least three South Dakota listings and five listings elsewhere, weighted by South Dakota listing count. Days on market are measured from the date a listing was first observed.

Frequently Asked Questions: NNN Properties For Sale in South Dakota

How many NNN properties are for sale in South Dakota right now?

As of October 30, 2026, 12 single-tenant net lease properties are observed for sale in South Dakota across 8 tenants and 8 cities. The count updates automatically as listings are added and withdrawn.

What cap rates are South Dakota NNN properties asking?

The median asking cap rate across observed South Dakota listings is 6.38%, with the middle half of listings between 5.95% and 6.85%. That median is 3 bps above the national median of 6.35%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.

Which tenants have the most NNN listings in South Dakota?

The tenants with the most observed South Dakota listings right now are Dollar General (2), 7 Brew (1), Burger King (1). The tenant table above lists every tenant with an observed listing.

Which South Dakota cities have the most NNN properties for sale?

The cities with the most observed listings are Sioux Falls (4), Rapid City (2), Aberdeen (1). The city table above lists every city with an observed listing and filters the full listing browser.

Are these listings offered by Investment Grade?

No. These are market observations aggregated from publicly marketed offerings and broker materials, not offerings by Investment Grade Income Property, LP. Registering for full property data connects you with our team for buyer representation and due diligence; the listing broker remains the listing broker.

NNN Properties For Sale in Other States

Browse NNN Properties For Sale by Tenant and Category

Buying With 1031 Exchange Proceeds?

Compare this inventory with all 7,410 1031 exchange NNN properties for sale nationally, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date (including extensions) if that comes first (IRC 1031(a)(3); Treas. Reg. 1.1031(k)-1(b)(2)). General information, not tax or legal advice.