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Panera Bread & Mattress Firm | Minot, ND 1807 22nd Ave SW 8,114 SF 100% Leased Retail Building Minot, ND 58701 $5,276,813 CAD ($650.33 CAD/SF) 7% Cap Rate
Investment Highlights
- Two-Tenant Drive-Thru Investment; Pad to Hobby Lobby and Kohl’s
- Panera Bread Reports Extremely Strong Sales at This Location (Contact Agent for Details)
- Franchisee NNN lease (North Dakota Mattress Ventures, LLC) – Approximately a 9-Unit Guaranty
- Corporate Panera Bread (w/ Drive-Thru): 8 years remaining on a new 10-year NNN lease extension
- Mattress Firm: 6 years remaining after an early 5-year lease extension
- Large Freeway Visible Pylon Sign Providing Excellent Visibility
Executive Summary
Two-Tenant Drive-Thru Investment | New 10-Year Lease Extension with Panera Bread | Early 5-Year Extension with Mattress Firm | Extremely Strong Sales | Signalized Intersection (33,500 CPD)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,114 SF
Building Class
B
Year Built
2014
Price
$5,276,813 CAD
Price Per SF
$650.33 CAD
Cap Rate
7%
NOI
$369,377 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.07 AC
Zoning
C - Commercial
Parking
50 Spaces (6.16 Spaces per 1,000 SF Leased)
Frontage
116’ on 22nd Ave SW
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
Property Taxes
| Parcel Number | MI-34D50-000-003-0 | Improvements Assessment | $993,162 CAD |
| Land Assessment | $352,015 CAD | Total Assessment | $1,345,177 CAD |
Property Taxes
Parcel Number
MI-34D50-000-003-0
Land Assessment
$352,015 CAD
Improvements Assessment
$993,162 CAD
Total Assessment
$1,345,177 CAD
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Panera Bread & Mattress Firm | Minot, ND | 1807 22nd Ave SW
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