251 14Th St, Dickinson, ND 58601
3,131 SF | Retail Building | Dickinson, ND 58601 | $3,500,000 ($1,118/SF) | 5.12% Cap Rate
For Sale
Active
Asking Price $3,500,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,131 SF
- Price / Square Foot
- $1,118
Listing Contacts
Troy Golden
Guzel Lubinski
Property Overview
Golden Group Real Estate is proud to present an absolute NNN investment opportunity occupied by a national brand Arby’s - American fast-food sandwich restaurant chain. Food & Wine magazine called Arby’s “America’s second largest sandwich chain (after Subway)”. The seller is AES Midwest LLC, a proud franchisee of 59 Arby’s restaurants and affiliate of AES Restaurant Group; the third largest franchisee in the Arby’s system with 87 restaurants in 2023.
The subject property is located at 251 14th St W, Dickinson, North Dakota on the prime retail corridor. Dickinson, with a population of around 25,000, is a mid-size community with a small-town feel located in Stark County in southwest North Dakota. Located approximately 100 miles west of the capital city of Bismarck, Dickinson is the midpoint between Fargo, North Dakota and Billings, Montana.
This attractive 3,131 SF freestanding building, originally built in 1996 and renovated in 2017, is occupied with a single national tenant on an absolute NNN lease. With a 5.12% cap rate and NOI of $179,151, this property presents a lucrative 20-year initial term and four options to renew with 10% escalations at 5-year intervals. Zoned CC (Community Commercial) and ideally located along a prime retail corridor, this property offers excellent visibility and accessibility, making it an ideal investment for those seeking a profitable NNN single tenant opportunity in a strong retail market.
The subject property is located at 251 14th St W, Dickinson, North Dakota on the prime retail corridor. Dickinson, with a population of around 25,000, is a mid-size community with a small-town feel located in Stark County in southwest North Dakota. Located approximately 100 miles west of the capital city of Bismarck, Dickinson is the midpoint between Fargo, North Dakota and Billings, Montana.
This attractive 3,131 SF freestanding building, originally built in 1996 and renovated in 2017, is occupied with a single national tenant on an absolute NNN lease. With a 5.12% cap rate and NOI of $179,151, this property presents a lucrative 20-year initial term and four options to renew with 10% escalations at 5-year intervals. Zoned CC (Community Commercial) and ideally located along a prime retail corridor, this property offers excellent visibility and accessibility, making it an ideal investment for those seeking a profitable NNN single tenant opportunity in a strong retail market.
Property Details
- Class
- C
- Year Built/Renovated
- 1996/2017
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 40,075 SF
Highlights
- Single-tenant investment opportunity at 5.12% cap rate with NOI of $179,151
- The tenant is the third largest franchisee in the Arby’s system with 87 restaurants in 2023
- Absolute NNN lease with no expenses to the landlord
- Single national tenant at 20-year initial term with 10% escalations every 5 years and 4 options to renew
- Situated in one of the busiest retail destinations in U.S. on the major retail corridor
- The property has easy access to I-94 with great visibility and high traffic counts (25,331 DTV at 14th St W and Hwy 22 N.)
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