321 15th St W - Fast Food FOR SALE


Dickinson, ND 58601
$3,269,565 USD
310-857-8766
321 15th St W, Dickinson, ND for Sale
$3,269,565 USD
Fast Food - FOR SALE
1/1
null | 5.52% Cap Rate

321 15th St W
Dickinson, ND 58601


HIGHLIGHTS

  • Strong Franchise Guarantor. NDM Restaurants L.C. operates more than 130 Burger King locations.
  • Dickinson serves as the primary retail and service center for Western North Dakota.
  • Lease runs through May 2036 and includes additional 5-year renewal options with $300.00 per month increase per Renewal Term.
  • Ranked #2 out of 16 Burger King locations in North Dakota by Placer.ai sales data (March 2025–February 2026) and #1 within a 50-mile radius.
  • Interstate-94 visibility & access. The location generated approximately $2.1 million in gross sales during 2025.
  • Approximately 28,600 residents within a 5-mile radius with average household incomes approaching $98,000.

OVERVIEW

AiCRE Partners, as exclusive investment sales advisor to the Seller, is pleased to present the opportunity to acquire the fee simple interest in this high-performing Burger King restaurant located in Dickinson, North Dakota. The property is leased to NDM Restaurants L.C., one of the nation’s largest Burger King franchisees with more than 130 locations, providing investors with the strength and stability of an experienced multi-unit operator. The restaurant has consistently delivered exceptional operating performance, generating approximately $2.1 million in gross sales during 2025, significantly above Burger King’s Average Unit Volume (AUV). Unlike a typical net lease investment, the lease includes 8.5% percentage rent, providing investors with the opportunity to participate in the tenant’s continued sales success while maintaining dependable base rental income. Strategically positioned along Interstate 94, the property benefits from outstanding visibility and a regional customer base extending throughout Western North Dakota and the Bakken oil region. The franchisee has indicated interest in a potential corporate-image remodel which, per the existing lease and franchise agreement, could trigger a new 20-year lease term — presenting investors with a compelling combination of in-place cash flow, percentage rent upside, and meaningful long-term value enhancement backed by one of the world’s most recognized quick-service restaurant brands.

FOR SALE DETAILS

PRICE

$3,269,565 USD

PRICE/SF

$1,143 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,996 SF

ZONING

-

APN/PARCEL ID

41100001000102

ASK ABOUT THIS PROPERTY

Sam GordonAiCRE PartnersMore Info
310-857-8766

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Sam GordonAiCRE PartnersMore Info
310-857-8766

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