2308 11th Ave W
Williston, ND 58801
Boot Barn · Retail Property For Sale

Firm 10 year term with no early termination right. The lease is signed by Boot Barn, Inc., the largest and fastest-growing lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States. The lease is brand new with ten (10) years of term remaining, plus four (4), five (5) year options. The lease commenced on March 6, 2019. The lease provides for 10% rental increases every five (5) years. The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. Williston’s population has tripled over the past 10 years, and it is expected to grow further at an annual rate of 6.01% over the next five (5) years within a 5-mile radius. Williston serves as a hub city to the world class Bakken oil play, which is one of the largest oil developments in the U.S. in the past 40 years. Shale technology allows the Bakken to produce over 1 million barrels of oil per day. Boot Barn is strategically located in an industrial, blue collar work area, which includes equipment suppliers, manufacturers, general contractors, construction companies, warehouses, mechanics, repair shops and distribution companies. Boot Barn offers work wear catering to those employees, implying a built-in customer base. In 2018, Forbes ranked Williston #1 Place for Job Opportunities, #1 Small City with Strongest Economy, and #1 in North Dakota for Quality of Life. USA Today ranked it as one of America’s 50 Best Places to Live. Boot Barn is surrounded by several popular retailers including Anytime Fitness, Ashley Furniture HomeStore, Applebee’s, KFC, Walmart Supercenter and Ace Hardware, among many others. A new airport, Williston Basin International (XWA), is currently being built just north of the city, and is estimated to open in late 2019.