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Hobby Lobby | Kirkland's | Dollar Tree 4427 13th Ave S 90,525 SF 100% Leased Retail Building Fargo, ND 58103 $12,795,003 CAD ($141.34 CAD/SF) 7% Cap Rate

INVESTMENT HIGHLIGHTS
- Strong Retail Corridor
- Superior Demographics
- Historical Tenancy
- Nationally Recognized Tenants
- Below Market Rents — Rent Increases
- Potential Outparcel
EXECUTIVE SUMMARY
Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in this multi-tenant retail plaza, a 90,525 SF multi-tenant retail property in Fargo, North Dakota (“the Property”). Situated on a 8.4-acre parcel, the Property is fully leased to Hobby Lobby, Dollar Tree, and Kirkland’s. All tenants operate under NN leases, with landlord responsibilities limited to the roof and structural components, offering a stable and passive investment opportunity. Hobby Lobby manages the center, so very little landlord responsibilities.
The Property benefits from excellent visibility and accessibility along one of Fargo’s primary retail corridors. The site is positioned in a dense retail hub surrounded by national retailers including Walmart, Kohl’s, Target, Lowe’s, and Burlington, creating significant cross-shopping opportunities. The Property also sits just minutes from West Acres Mall, the largest regional shopping destination in eastern North Dakota and western Minnesota, drawing strong daily foot traffic.
In Association With:
Andrew W. Kocemba
North Dakota Broker
ND License #8528
The Property benefits from excellent visibility and accessibility along one of Fargo’s primary retail corridors. The site is positioned in a dense retail hub surrounded by national retailers including Walmart, Kohl’s, Target, Lowe’s, and Burlington, creating significant cross-shopping opportunities. The Property also sits just minutes from West Acres Mall, the largest regional shopping destination in eastern North Dakota and western Minnesota, drawing strong daily foot traffic.
In Association With:
Andrew W. Kocemba
North Dakota Broker
ND License #8528
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
90,525 SF
Building Class
B
Year Built/Renovated
1991/2003
Price
$12,795,003 CAD
Price Per SF
$141.34 CAD
Cap Rate
7%
NOI
$895,621 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
8.40 AC
Zoning
GC - Commercial
Parking
427 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-0277-00010-000 | Improvements Assessment | $2,738,283 CAD |
| Land Assessment | $2,303,346 CAD | Total Assessment | $5,041,628 CAD |
PROPERTY TAXES
Parcel Number
01-0277-00010-000
Land Assessment
$2,303,346 CAD
Improvements Assessment
$2,738,283 CAD
Total Assessment
$5,041,628 CAD
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Hobby Lobby | Kirkland's | Dollar Tree | 4427 13th Ave S
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