Minot Industrial for Sale - Souris Valley
Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
±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.