131 N Nebraska St

For Sale

131 N Nebraska St, Salem, SD 57058

This Salem property for sale is located at 131 N Nebraska St. The current listed sale price for 131 N Nebraska St is $1,000,925. 131 N Nebraska St is situated on a lot that is 1 acre in size.

Contacts

broker
Daniel Miller

NAI Capital

Property Details

  • 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

Getting around

  • 51/100

    Walk Score ®

  • 40/100

    Bike Score ®

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Location

  • City Salem, SD
  • Neighborhood Salem
  • Zip Code 57058
In-Depth Research Available for this Property

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Contact Listing Broker
broker
Daniel Miller

NAI Capital

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