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Browse More Listings in Retail For Sale, Minot, ND or North Dakota

Retail Property - Off Market

10% CAP Rate Hollywood Video | Seller Financing

1700 South Broadway, Minot, ND 58701

Price:
N/A
Building Size:
7,506 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
10%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.92 AC

Last Verified 7/16/2009 Listing ID 16276600

Highlights

Long Term Net Lease
Corporate Guarantee
Class A Construction

Scheduled Increases in Rent
Submit All Offers
Irrepaceable Location

Description

The property is subject to a 15 year net lease which commenced in 1999. It has scheduled increases and options beyond the initial term.

Hollywood Video is a major national retailer which rents, sells, and trades videos, DVD and video games as well as audio/video related products. It also operates Game Crazy departments within its stores, which are dedicated to buying, selling and trading video games and related items. In 2005 Hollywood Video was purchased by competitor Movie Gallery.

Minot is a city located in north central North Dakota. With a population of 36,567 at the 2000 census, Minot is the fourth largest city in the state. The city is the county seat of Ward County and is a trading center for a large portion of northern North Dakota, southwestern Manitoba, and southeastern Saskatchewan.

Map of 1700 South Broadway, Minot, ND 58701 (Ward County)

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Created 6/12/2009

Additional Information for 1700 S Broadway, Minot, ND 58701

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1700 South Broadway, Minot, ND 58701

Nearby Retail properties for saleSearch all commercial real estate for sale

1720 S Broadway
$440,000
6,000 SF
Hollywood Video - Minot, ND
$1,446,700
7,506 SF
400 20th Avenue SW
$1,150,000
16,100 SF

Nearby Retail properties for leaseSearch all commercial real estate for lease

1700 S Broadway
$19.32/SF/Year
2,400 SF
$1500 for 2700 Sq. Ft on Broadway and 20th Ave
$0.56/SF/Month
2,700 SF
500 20th Ave SW
$0.74/SF/Month
1,224 SF
400 20th Avenue SW
$8.50/SF/Year
16,100 SF
1308 20th Avenue SW
$12.00/SF/Year
1,280 SF

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - 10% CAP Rate Hollywood Video | Seller Financing

1700 South Broadway, Minot, ND, 58701