Herd Realty is pleased to present a rare opportunity to acquire a Class A, single-tenant office building in Fargo, ND. The property is 100% occupied by Northwestern Mutual on a true NNN lease with over 10 years remaining and contractual 2% annual rent escalators.
Investment Highlights
Fortune 500 tenant (Northwestern Mutual – #110 on the 2024 Fortune 500)
Corporate guarantee
True triple-net lease – tenant responsible for taxes, insurance, maintenance, HVAC, and utilities
10-year primary term remaining (expires May 31, 2036)
Two (2) 5-year renewal options
2% annual rent increases
Modern 2021 construction with high-end finishes
Strong visibility and access near 45th St S and I-94
Location
Strategically located just off 23rd Ave S, approximately 1/10 mile from the high-traffic 45th St S corridor. The property benefits from strong local traffic counts and visibility from I-94.
This is a passive, credit-tenant investment with predictable income growth and long-term residual value in one of North Dakota’s strongest markets.