Contacts
Jace Engelstad
Horizon Real Estate Group
Property Details
- Property Type Retail - Freestanding
- Property Size 2,356 SF
- Lot Size 0.89 Acre
- Additional Rent Contact for pricing
- Date Updated Nov 15, 2024
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Unbeatable location
- 10% rental increases every five (5) years in the base term and throughout the four (4) five (5) year option periods
- Next scheduled rent increase on 11/15/2027
- Tenant responsible for taxes, utilities, insurance, HVAC, snow removal, and all interior/exterior non-structural portions of the premises
- Landlord responsible for roof, structure, and parking lot replacement; 25-year roof warranty in place
- Fargo ranked as one of the top coffee-drinking cities in the country, positioning the property for market success
- Situated between two high-traffic tenants, Sonic and Mammoth Car Wash
- Sonic pays $183,000 NNN annually, Mammoth Car Wash pays $264,000 NNN annually, indicating current lease rates for this investment property are below market
- Starbucks leases comparable properties in the metro for $140,000 to $160,000+ annually, highlighting potential for further rent growth
Attachments
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Fargo, ND
- Neighborhood Bluemont Lakes
- Zip Code 58103
Points of Interest
-
Fargo
3.52 miles
-
Casey's General Store
0.71 miles
-
Flying J
0.80 miles
-
Love's
0.95 miles
-
Holiday
0.99 miles
-
Petro Serve Usa
1.19 miles
-
Exxon
1.29 miles
-
Tesla Supercharger
1.57 miles
-
Microsoft Fargo Vision & Commons Parking
2.24 miles
-
WDAY Parking
2.79 miles
-
WDAY Tower Parking
2.84 miles
-
Red Raven Espresso Parking Lot
2.91 miles
-
Island Park Parking
2.92 miles
-
Block Six Parking Garage
3.04 miles
-
Block Six Parking (Permit Only)
3.04 miles
-
Island Park Ramp
3.11 miles
-
Main Avenue Lot
3.14 miles
-
4th Street Lot
3.22 miles
-
Ruby Tuesday
0.72 miles
-
Doolittle's
0.79 miles
-
Shanghai
0.85 miles
-
Hi-Ho
0.86 miles
-
Grand Junction
0.87 miles
-
McDonald's
0.92 miles
-
Chipotle
0.94 miles
-
Taco John's
0.95 miles
-
Arby's
0.97 miles
-
Culver's
1.01 miles
-
Family Fare
0.92 miles
-
Cash Wise Foods
1.07 miles
-
Macy's
1.14 miles
-
JCPenney
1.16 miles
-
West Acres Shopping Center
1.19 miles
-
Target
1.42 miles
-
TJ Maxx
1.53 miles
-
Hornbacher's
1.53 miles
-
Fargo Grocery And Jewelry
1.61 miles
-
ALDI
1.65 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Jace Engelstad
Horizon Real Estate Group