4675 Washington St - Restaurant FOR SALE


Grand Forks, ND 58201
$2,950,000 USD
701-330-9632
4675 Washington St, Grand Forks, ND for Sale
$2,950,000 USD
Restaurant - FOR SALE
1/6
null | 6.21% Cap Rate

4675 Washington St
Grand Forks, ND 58201


HIGHLIGHTS

  • Stand alone
  • Hard corner
  • new 10-year lease
  • Drive-thru

OVERVIEW

STARBUCKS $3,206,383 NEW 10 YEAR LEASE 10% BASE RENT INCREASE IN YEAR SIX 6 % YEAR 1-5: $183,222 6-10 YEAR: $201,544 10 YEAR AVERAGE: $192,383 ABSOLUTE NNN LEASE Professionally managed by Dakota Commercial. Premier location in Grand Forks on highly sought after Southend corridor. Two (2), five (5) year options to renew, each with a 10% rent increase. Corporate guarantee. This area is within two blocks of the following attractions/destinations: Icon Sports Center, Choice Health & Fitness and Altru Health System specialty clinics. Recent tenants to the area: Tropical Smoothie, McDonald’s, Little Bangkok, Golf Center, Amish Furniture Gallery, Ski & Bike Shop, Mattress Factory. New interchange West of this site about two miles East along 47th Ave has been approved by the DOT. This will provide direct access from the interstate

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$1,304 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stand alone Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

-

APN/PARCEL ID

44181900001000

ASK ABOUT THIS PROPERTY

Duane WagesDakota CommercialMore Info
701-330-9632

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Duane WagesDakota CommercialMore Info
701-330-9632

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