1807 22nd Ave SW - Restaurant FOR SALE


Minot, ND 58701- Souris Valley
$3,860,000 USD
844-585-7673
1807 22nd Ave SW, Minot, ND for Sale
$3,860,000 USD
Restaurant - FOR SALE
1/4
null | 7% Cap Rate

1807 22nd Ave SW
Minot, ND 58701
Souris Valley


HIGHLIGHTS

  • Two-Tenant Drive-Thru Investment; Pad to Hobby Lobby and Kohl’s
  • Corporate Panera Bread (w/ Drive-Thru): Over 8 years remaining on a new 10-year NNN lease extension
  • Panera Bread Reports Extremely Strong Sales at This Location (Contact Agent for Details)
  • Mattress Firm: Over 6 years remaining after an early 5-year lease extension
  • Franchisee NNN lease (North Dakota Mattress Ventures, LLC) – Approximately a 9-Unit Guaranty
  • Large Freeway Visible Pylon Sign Providing Excellent Visibility

OVERVIEW

Two-Tenant Drive-Thru Investment | New 10-Year Lease Extension with Panera Bread | Early 5-Year Extension with Mattress Firm | Extremely Strong Sales | Signalized Intersection (33,500 CPD)

FOR SALE DETAILS

PRICE

$3,860,000 USD

PRICE/SF

$476 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread & Mattress Firm | Minot, ND

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C

APN/PARCEL ID

MI-34D50-000-003-0

ASK ABOUT THIS PROPERTY

Eric WohlHanley Investment GroupMore Info
844-585-7673

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Eric WohlHanley Investment GroupMore Info
844-585-7673

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.