Log In/Sign Up
Your email has been sent.
Take 5 Oil Change | 15-Yr SLB | Absolute NNN 1738 S Broadway 1,661 SF Retail Building Minot, ND 58701 $2,158,582 CAD ($1,299.57 CAD/SF) 6.85% Cap Rate
Investment Highlights
- New 15 Year Lease | Options To Extend | Scheduled Rental Increases | Strong Tenant
- Dakota Square Mall (4M+ Visits) | Automotive Corridor | Frontage Visibility | Minot State University
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Take 5 Oil Change investment property located in Minot, North Dakota. The tenant will sign a brand-new, 15-year lease with four (5-year) options to extend, at the close of escrow, demonstrating their commitment to the site. The lease features 6% rental increases at the end of year five and then annual 1.5% rental increases for the remainder of the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
1,661 SF
Building Class
B
Year Built/Renovated
1959/2024
Price
$2,158,582 CAD
Price Per SF
$1,299.57 CAD
Cap Rate
6.85%
NOI
$147,829 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.43 AC
Zoning
C2 - General Commercial
Parking
13 Spaces (7.83 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signage
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | MI-26358-020-004-3 | Improvements Assessment | $163,570 CAD |
| Land Assessment | $218,322 CAD | Total Assessment | $381,892 CAD |
Property Taxes
Parcel Number
MI-26358-020-004-3
Land Assessment
$218,322 CAD
Improvements Assessment
$163,570 CAD
Total Assessment
$381,892 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Take 5 Oil Change | 15-Yr SLB | Absolute NNN | 1738 S Broadway
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.