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Miscellaneous

Northern Tool + Equipment - Corporate Guarantee w/ 10% Rental Increases

4301 W 12th St, Sioux Falls, SD 57106

Listing Price: $4,631,000

Cap Rate
7.15%
Tenant Name
Northern Tool
Years Remaining On Lease
8.1
Gross SF
22,000
Guarantor
Corporate Guarantee
Rentable SF
22,000
Price/Gross SF
$210.50
Lease Type
Double Net
Rent Per Square Feet
$15.05

Investment Overview

Northern Tool + Equipment is an industry leader, offering a wide selection of products, from consumer goods to industrial and construction equipment. With over 120 store locations across more than 20 states, Northern Tool has a strong retail presence in the U.S. Northern Tool reaches an even wider audience through year-round catalog offerings, a website packed with over 100,000 tools, curbside store pickup, and nationwide delivery.

Sioux Falls is the most populous city in the state of South Dakota and is the county seat of Minnehaha County. The city’s population sits at approximately 225,000 people. In 2025, the city’s population grew by 2.3 percent, which aligns with the city’s long-term growth rate.

Investment Highlights

  • Eight-Plus Years Remaining on Lease with Corporate Guaranty by Northern Tool + Equipment
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Dense Sioux Falls Trade Area with 163,658 Residents within a Five-Mile Radius
  • Sioux Falls is the Most Populous City in the State of South Dakota
  • Households and Population Projected to Increase 7 Percent-Plus in the Immediate Area by 2030
  • Excellent Access and Visibility from Interstate 29 (±66,000 Cars per Day), a Major Connector for the Sioux Falls MSA
  • Highly Accessible Location via West 12th Street / Interstate 29B (±45,500 Cars per Day)
  • Central Location with Immediate Proximity to Great Plains Zoo, W.H. Lyon Fairgrounds, The Country Club of Sioux Falls, Minnehaha Country Club, and Downtown Sioux Falls

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Financing By

Miscellaneous

Northern Tool + Equipment - Corporate Guarantee w/ 10% Rental Increases

Listing Price: $4,631,000

Cap Rate
7.15%
Tenant Name
Northern Tool
Years Remaining On Lease
8.1
Gross SF
22,000
Guarantor
Corporate Guarantee
Rentable SF
22,000
Price/Gross SF
$210.50
Lease Type
Double Net
Rent Per Square Feet
$15.05

Investment Highlights

  • Eight-Plus Years Remaining on Lease with Corporate Guaranty by Northern Tool + Equipment
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Dense Sioux Falls Trade Area with 163,658 Residents within a Five-Mile Radius
  • Sioux Falls is the Most Populous City in the State of South Dakota
  • Households and Population Projected to Increase 7 Percent-Plus in the Immediate Area by 2030
  • Excellent Access and Visibility from Interstate 29 (±66,000 Cars per Day), a Major Connector for the Sioux Falls MSA
  • Highly Accessible Location via West 12th Street / Interstate 29B (±45,500 Cars per Day)
  • Central Location with Immediate Proximity to Great Plains Zoo, W.H. Lyon Fairgrounds, The Country Club of Sioux Falls, Minnehaha Country Club, and Downtown Sioux Falls

Investment Overview

Northern Tool + Equipment is an industry leader, offering a wide selection of products, from consumer goods to industrial and construction equipment. With over 120 store locations across more than 20 states, Northern Tool has a strong retail presence in the U.S. Northern Tool reaches an even wider audience through year-round catalog offerings, a website packed with over 100,000 tools, curbside store pickup, and nationwide delivery. Sioux Falls is the most populous city in the state of South Dakota and is the county seat of Minnehaha County. The city’s population sits at approximately 225,000 people. In 2025, the city’s population grew by 2.3 percent, which aligns with the city’s long-term growth rate.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    Senior Managing Director Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

Financing By

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