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1609 SW 33rd St 9,600 SF Industrial Building Minot, ND 58701 $2,141,835 CAD ($223.11 CAD/SF) 8% Cap Rate
Investment Highlights
- Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
- Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
- Current rent is $9,265/month through September 30, 2026
- 100% leased to United Rentals Realty, LLC
- Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
- Rent increases 10% to $10,191.50/month beginning October 1, 2026
Executive Summary
±9,907 SF industrial service / repair facility situated on ±1.895 acres
100% leased to United Rentals Realty, LLC
Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
Current rent is $9,265/month through September 30, 2026
Rent increases 10% to $10,191.50/month beginning October 1, 2026
Priced at an 8.00% cap rate on October 2026 rent, with yield growing to 8.80% in the option period
One remaining five-year renewal option
Functional service / warehouse facility with office component, gravel yard / parking area, and drive-in access
Net-leased structure provides stable cash flow with limited landlord responsibilities
Opportunity to acquire a nationally recognized tenant in a smaller-market industrial investment
Located in southwest Minot, the property benefits from access to the city's commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.
Property Facts
| Price | $2,141,835 CAD | Lot Size | 1.89 AC |
| Price Per SF | $223.11 CAD | Rentable Building Area | 9,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 2011 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | B |
| Price | $2,141,835 CAD |
| Price Per SF | $223.11 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.89 AC |
| Rentable Building Area | 9,600 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Fenced Lot
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The new main Street LLP
- Retailer
- -
- -
- -
-
- Rental and Leasing Services
- -
- -
- -
United Rentals, Inc. est la plus grande société de location de matériel au monde. L'entreprise dispose d'un réseau intégré d'emplacements de location en Amérique du Nord, en Europe, en Australie et en Nouvelle-Zélande. En Amérique du Nord, l'entreprise est présente dans 49 États et toutes les provinces canadiennes. Les employés de l'entreprise servent des clients de la construction et de l'industrie, des services publics, des municipalités, des propriétaires et autres. Ils travaillent de concert avec leurs clients, leurs collectivités et leurs employés pour trouver des solutions avec un engagement commun envers le service et la sécurité. Pour eux, c'est une notion simple, mais puissante qu'ils appellent Work United™. C'est un état d'esprit partagé. Un partenariat qui les aide à relever tous les défis, ensemble.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The new main Street LLP | Retailer | - | - | - | ||
|
|
Rental and Leasing Services | - | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $307,559 CAD | |
| Land Assessment | $55,727 CAD | Total Assessment | $363,286 CAD |
Property Taxes
Presented by
1609 SW 33rd St
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