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2377 S University DrFargo, ND 58103
Starbucks
Asset ClassRetail
Deal Size: $2.92 MCap Rate: 6%Lease-Term Remaining: 10 YearsAccess Data Room
New 10-Year NNN Lease | Corporate Guarantee | 6.00% Cap
overview of deal

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 DrFargo, ND 58103

Sales Team

Drew IsaacSenior Managing Director Investments(303) 328-2048drew.isaac@marcusmillichap.com
Jon Ruzicka BOR North Dakota

License #: Lic. # 10032

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Listing provided by Revere CRE