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2377 S University Dr
Fargo, ND 58103
Starbucks
Asset Class
Retail
Deal Size: $2.92 M
Cap Rate: 6%
Lease-Term Remaining: 10 Years
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New 10-Year NNN Lease | Corporate Guarantee | 6.00% Cap
Overview
Price: $2,916,000 | Cap Rate: 6.00% | NOI: $175,000
Guaranty: Corporate
Lease Type: Triple-Net *
Rent Increases: 10% Every 5 Years
Options: 4x5-Year
Term Remaining: 10 Years
* See OM For Language
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Investment Highlights
SITUATED 3 MILES FROM NORTH DAKOTA STATE UNIVERSITY JUST OFF I-94
10-YEAR CORPORATE GUARANTEED *TRIPLE-NET LEASE, PROVIDING LONG TERM STABILITY
HIGH QUALITY BRAND NEW CONSTRUCTION BUILT-TO-SUIT FOR STARBUCKS
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2377 S University Dr
Fargo, ND 58103
Sales Team
Drew Isaac
Senior Managing Director Investments
(303) 328-2048
drew.isaac@marcusmillichap.com
Ian Hicks
Associate
(303) 328-2014
ian.hicks@marcusmillichap.com
Jon Ruzicka
BOR North Dakota
License #: Lic. # 10032
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