2542 Lorraine PlSioux Falls, SD 57106

Property Details for 2542 Lorraine Pl

Property type

Retail properties

Description

This exceptional retail opportunity is located in the vibrant Lake Lorraine development in Sioux Falls, South Dakota. The property boasts a highly visible location with direct frontage on Interstate 29, ensuring maximum exposure to a large volume of traffic. Available spaces range from 1,500 to 10,605 square feet, offering flexibility for various retail concepts. The spaces are situated between well-established national retailers, Hobby Lobby and Dave & Buster's, creating a synergistic environment and attracting a substantial customer base. The lease rate is $23.50 per square foot, with an estimated Net, Net, Net (NNN) expense of $6.00 per square foot. To further incentivize tenant occupancy, the landlord is offering a generous tenant improvement allowance of $25 per square foot. This is a rare chance to secure a prime retail space in one of Sioux Falls' most sought-after commercial developments. The property is located at 2542 S Lorraine Pl, Sioux Falls, SD 57106, in Minnehaha County. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The property is categorized as multiple tenancy retail shop space.

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5216

Longitude

-96.7829

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