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 Oct 11, 2024
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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
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Location
- City Fargo, ND
- Neighborhood Bluemont Lakes
- Zip Code 58103
Points of Interest
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Main Avenue Depot Building (Fargo Parks)
3.07 miles
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Loaf 'N Jug
0.77 miles
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Flying J
0.80 miles
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Love's
0.95 miles
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Exxon
1.29 miles
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Holiday
1.32 miles
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Petro
1.40 miles
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Casey's General Store
1.55 miles
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Marathon
2.01 miles
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park
2.02 miles
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Microsoft Fargo Vision & Commons Parking
2.24 miles
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WDAY Parking
2.79 miles
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WDAY Tower Parking
2.84 miles
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Red Raven Espresso Parking Lot
2.91 miles
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Island Park Parking
2.92 miles
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Block Six Parking Garage
3.04 miles
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Block Six Parking (Permit Only)
3.04 miles
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Island Park Ramp
3.11 miles
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N.P. Lot/Old Broadway
3.11 miles
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Ruby Tuesday
0.72 miles
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Doolittle's
0.79 miles
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Shanghai
0.85 miles
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Hi-Ho
0.86 miles
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Grand Junction
0.87 miles
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McDonald's
0.92 miles
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Chipotle
0.94 miles
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Taco John's
0.95 miles
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Arby's
0.97 miles
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Culver's
1.01 miles
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Family Fare
0.92 miles
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Cash Wise Foods
1.07 miles
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Macy's
1.14 miles
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JCPenney
1.16 miles
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West Acres Shopping Center
1.19 miles
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Target
1.42 miles
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TJ Maxx
1.52 miles
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Hornbacher's Foods
1.53 miles
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ALDI
1.65 miles
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Kohl's
1.67 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