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1609 SW 33rd St 9,600 SF Industrial Building Minot, ND 58701 $1,528,725 ($159.24/SF) 8% Cap Rate
Investment Highlights
- Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
- Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
- Current rent is $9,265/month through September 30, 2026
- 100% leased to United Rentals Realty, LLC
- Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
- Rent increases 10% to $10,191.50/month beginning October 1, 2026
Executive Summary
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.
±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.
Property Facts
| Price | $1,528,725 | Lot Size | 1.89 AC |
| Price Per SF | $159.24 | Rentable Building Area | 9,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 2011 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 4 |
| Building Class | B |
| Price | $1,528,725 |
| Price Per SF | $159.24 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.89 AC |
| Rentable Building Area | 9,600 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| Tenancy | Single |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- Fenced Lot
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The new main Street LLP
- Retailer
- -
- -
- -
-
- Rental and Leasing Services
- -
- -
- -
United Rentals began in 1997 and built its business through equipment rental and acquisition-led expansion. The company serves construction and industrial customers, utilities, municipalities, homeowners, and other users with equipment and tool rentals, specialty solutions, worksite services, and digital ordering tools. United Rentals also offers vertical-focused services that include flooring and facility solutions, power and HVAC, fluid solutions, trench safety, storage containers and mobile offices, communications, and reliable onsite services. The company maintains a broad North American rental network and also serves international markets through integrated operations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The new main Street LLP | Retailer | - | - | - | ||
|
|
Rental and Leasing Services | - | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $218,000 | |
| Land Assessment | $39,500 | Total Assessment | $257,500 |
Property Taxes
Parcel Numbers
Land Assessment
$39,500
Improvements Assessment
$218,000
Total Assessment
$257,500
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1609 SW 33rd St
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