251 14th St W | Dickinson, ND 58601
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251 14th St W
Dickinson, ND 58601
Arby's 20 Year Absolute NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-tenant investment opportunity at 5.43% cap rate with NOI of $179,151
- Absolute NNN lease with no expenses to the landlord
- Situated in one of the busiest retail destinations in U.S. on the major retail corridor
- The tenant is the third largest franchisee in the Arby’s system with 87 restaurants in 2023
- Single national tenant at 20-year initial term with 10% escalations every 5 years and 4 options to renew
- The property has easy access to I-94 with great visibility and high traffic counts (25,331 DTV at 14th St W and Hwy 22 N.)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,131 SF
Building Class
C
Year Built/Renovated
1996/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.92 AC
Zoning
CC - Community Commercial
PROPERTY TAXES
| Parcel Number | 41078006000101 | Improvements Assessment | $699,900 |
| Land Assessment | $399,500 | Total Assessment | $1,099,400 |
PROPERTY TAXES
Parcel Number
41078006000101
Land Assessment
$399,500
Improvements Assessment
$699,900
Total Assessment
$1,099,400
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