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Hobby Lobby | Kirkland's | Dollar Tree 4427 13th Ave S 90,525 SF 100% Leased Retail Building Fargo, ND 58103 $9,166,000 ($101.25/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Strong Retail Corridor
  • Superior Demographics
  • Historical Tenancy
  • Nationally Recognized Tenants
  • Below Market Rents — Rent Increases
  • Potential Outparcel

EXECUTIVE SUMMARY

Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in this multi-tenant retail plaza, a 90,525 SF multi-tenant retail property in Fargo, North Dakota (“the Property”). Situated on a 8.4-acre parcel, the Property is fully leased to Hobby Lobby, Dollar Tree, and Kirkland’s. All tenants operate under NN leases, with landlord responsibilities limited to the roof and structural components, offering a stable and passive investment opportunity. Hobby Lobby manages the center, so very little landlord responsibilities.
The Property benefits from excellent visibility and accessibility along one of Fargo’s primary retail corridors. The site is positioned in a dense retail hub surrounded by national retailers including Walmart, Kohl’s, Target, Lowe’s, and Burlington, creating significant cross-shopping opportunities. The Property also sits just minutes from West Acres Mall, the largest regional shopping destination in eastern North Dakota and western Minnesota, drawing strong daily foot traffic.
In Association With:
Andrew W. Kocemba
North Dakota Broker
ND License #8528

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
90,525 SF
Building Class
B
Year Built/Renovated
1991/2003
Price
$9,166,000
Price Per SF
$101.25
Cap Rate
7%
NOI
$641,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
8.40 AC
Zoning
GC - Commercial
Parking
427 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
141’ on 13Th Ave
Walk Score®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Planet Fitness
Chase Bank
Pancheros Mexican Grill
Five Guys
LongHorn Steakhouse
Olive Garden
Denny's
Red Lobster
Natural Grocers
Crunch Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-0277-00010-000
Land Assessment
$1,647,000
Improvements Assessment
$1,958,000
Total Assessment
$3,605,000
  • Listing ID: 37615671

  • Date on Market: 9/10/2025

  • Last Updated:

  • Address: 4427 13th Ave S, Fargo, ND 58103

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