Back to Previous Page 1620 Concourse Ct

1620 Concourse Ct is a 4,920 SF single-tenant investment property in Rapid City's Rushmore Business Park, offered for sale at $900,000. 

The building was fully remodeled in 2021 and is configured for childcare use, with a reception area, full kitchen, five care rooms, multiple restrooms, a fire protection system, and fenced outdoor play areas. Twenty on-site parking spaces support staff and pick-up and drop-off traffic. 

The property is leased to Kindred Spirits, LLC, doing business as Lil Friends Learning Center of RC, through January 31, 2034, with about seven years remaining on the initial 10-year term. The true NNN lease passes real estate taxes, insurance, repairs, maintenance, and capital replacement obligations to the tenant. Base rent increases 5% annually, and current rent is $6,300 per month. Two 3-year renewal options extend the potential hold. 

The 0.80-acre site sits near Elk Vale Rd and SD Hwy 44 in east Rapid City, with access to surrounding employment areas, residential neighborhoods, and regional routes. 

• 4,920 SF single-tenant building on 0.80 acres in Rushmore Business Park
• Leased through January 31, 2034, with about seven years remaining on the initial term
• True NNN lease: tenant covers taxes, insurance, repairs, maintenance, and capital replacement
• 5% annual rent escalations with two 3-year renewal options
• Current base rent of $6,300 per month ($75,600 annually)
• Fully remodeled in 2021 for childcare use with five care rooms, reception, and full kitchen
• 20 on-site parking spaces
• Near Elk Vale Rd and SD Hwy 44 in east Rapid City

• Near Elk Vale Rd and SD Hwy 44 in east Rapid City 
• Access to surrounding employment areas, residential neighborhoods, and regional routes 
• Located within Rushmore Business Park, alongside established industrial and flex users 
• Elk Vale Rd (SD Hwy 44 to I-90): 22,009 VPD [CONFIRM source/year] 
• Concourse Dr (Concourse Ct to Jet Dr): 3,669 VPD [CONFIRM source/year]