401 40th Ave SW - Retail FOR SALE


Minot, ND 58701
$4,280,000 USD
770-624-0841
401 40th Ave SW, Minot, ND for Sale
$4,280,000 USD
Retail - FOR SALE
1/4
null | 7.49% Cap Rate

401 40th Ave SW
Minot, ND 58701


OVERVIEW

WALMART SHADOW CENTER • The subject property is a 100% occupied, 36,800 square foot shadow anchored retail center located in Minot, ND • The shopping center has been anchored by a Walmart Supercenter for the last 19 years | Walmart owns the Walmart Real Estate • #1 Walmart in North Dakota, driving consistent foot traffic and tenant success • Primary Retail Corridor | Surrounding Retailers include Home Depot, Menard’s, Culver’s, Verizon, and others. HIGH PREFORMING WALMART SHADOW CENTER • The Walmart ranks as the #1 Walmart in North Dakota • The Walmart ranks in the top 9% nationally • The Walmart serves Minot and surrounding cities. SEASONED TENANT LINE & NATIONAL TENANT LINEUP • 48% of the center is leased to strong regional and national brands • Dollar Tree and GameStop are seasoned, high-performing tenants in this center • Average Tenant Occupancy: 15 Years • The dominant presence of Walmart continues to drive consistent foot traffic and tenant success. MINOT, ND • Minot is the county seat of Ward County, North Dakota, and is home to Minot Air Force Base • Prominent industries in Minot includes energy, agriculture, manufacturing, and logistics • As the fourth most populous city in the state, Minot offers a robust consumer base for retailers • The Minot Air Force Base, employing over 10,000 personnel

FOR SALE DETAILS

PRICE

$4,280,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

7.49%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.43 AC

LAND SF

454,331 SF

ZONING

-

APN/PARCEL ID

MI-02E23-000-001-0

ASK ABOUT THIS PROPERTY

Eric AbbottMarcus & MillichapMore Info
770-624-0841

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Eric AbbottMarcus & MillichapMore Info
770-624-0841

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