ADJACENT TO WALMART – DEVILS LAKE’S PRIMARY RETAIL ANCHOR

Located directly next to the only Walmart Supercenter within a 15-mile radius, which generates over 1.5 million visits annually, the site benefits from constant consumer traffic in the city’s dominant retail corridor. Walmart serves as the key shopping hub for Devils Lake and surrounding rural trade areas.

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE WITH CORPORATE GUARANTY

The lease commenced in February 2024 and is backed by the corporate entity, offering a full 20-year absolute NNN ground lease with zero landlord responsibilities. The lease includes 10% rent escalations every five years and six 5-year renewal options, providing durable, passive income and long-term inflation protection.

HIGHWAY FRONTAGE WITH MODERN CONSTRUCTION ON U.S. ROUTE 2

The property enjoys excellent visibility and access along U.S. Route 2, the city’s primary commercial corridor. Built in 2024, the site spans 2.22 acres and features Les Schwab’s latest high-quality construction standards—ensuring long-term operational efficiency and low future capital risk for investors.

DEVILS LAKE: NORTHEASTERN NORTH DAKOTA’S RETAIL AND SERVICE HUB

As the commercial center of the region, Devils Lake draws from a wide surrounding trade area and supports a robust retail and service economy. The city is home to Lake Region State College, a regional airport, healthcare facilities, and is a gateway to tourism and outdoor recreation—driving consistent economic activity year-round