Burger King 321 15th St W 2,448 SF 100% Leased 4-Star Retail Building Dickinson, ND 58601 $3,269,565 ($1,335.61/SF) 5.52% Cap Rate

AiCRE Partners, as exclusive investment sales advisor to the Seller, is pleased to present the opportunity to acquire the fee simple interest in this high-performing Burger King restaurant located in Dickinson, North Dakota. The property is leased to NDM Restaurants L.C., one of the nation’s largest Burger King franchisees with more than 130 locations, providing investors with the strength and stability of an experienced multi-unit operator. The restaurant has consistently delivered exceptional operating performance, generating approximately $2.1 million in gross sales during 2025, significantly above Burger King’s Average Unit Volume (AUV). Unlike a typical net lease investment, the lease includes 8.5% percentage rent, providing investors with the opportunity to participate in the tenant’s continued sales success while maintaining dependable base rental income.
Strategically positioned along Interstate 94, the property benefits from outstanding visibility and a regional customer base extending throughout Western North Dakota and the Bakken oil region. The franchisee has indicated interest in a potential corporate-image remodel which, per the existing lease and franchise agreement, could trigger a new 20-year lease term — presenting investors with a compelling combination of in-place cash flow, percentage rent upside, and meaningful long-term value enhancement backed by one of the world’s most recognized quick-service restaurant brands.