23502 Main St Caputa, SD 57725

Caputa Post office. Never before listed for sale this property has been in the same family since they originally homesteaded the Caputa area back in 1900's. The post office consists of a 400 sqf manufactured Log Cabin which was installed circa 1975, and is leased to the United States Post office. There is a formal 5x5x5 Lease in place with a set rental increase as the new term is renewed. The post office historically has largely serviced local ranchers from the area , however with the recent continued urban spawl of the Rapid City / Pennington county area the area has seen continued growth. Recent building approvals and the sale land for residential development, it is expected the area will see significant growth in this corridor over the next few years. There is only one other commercial retail outlet in the town which consist of a general store and bar. This is a great opportunity for an investor with solid government rental history to support your cashflows each month.