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Stand alone Starbucks 4675 Washington St 2,262 SF Retail Building Grand Forks, ND 58201 $2,950,000 ($1,304.16/SF) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Stand alone
- new 10-year lease
- Hard corner
- Drive-thru
EXECUTIVE SUMMARY
STARBUCKS
$3,206,383
NEW 10 YEAR LEASE
10% BASE RENT INCREASE IN YEAR SIX
6 %
YEAR 1-5: $183,222
6-10 YEAR: $201,544
10 YEAR AVERAGE: $192,383
ABSOLUTE NNN LEASE
Professionally managed by Dakota Commercial.
Premier location in Grand Forks on highly sought after Southend corridor.
Two (2), five (5) year options to renew, each with a 10% rent increase.
Corporate guarantee.
This area is within two blocks of the following attractions/destinations:
Icon Sports Center, Choice Health & Fitness and Altru Health System specialty clinics.
Recent tenants to the area:
Tropical Smoothie, McDonald’s, Little Bangkok, Golf Center, Amish Furniture Gallery, Ski & Bike Shop,
Mattress Factory.
New interchange West of this site about two miles East along 47th Ave has been approved by the DOT. This
will provide direct access from the interstate
$3,206,383
NEW 10 YEAR LEASE
10% BASE RENT INCREASE IN YEAR SIX
6 %
YEAR 1-5: $183,222
6-10 YEAR: $201,544
10 YEAR AVERAGE: $192,383
ABSOLUTE NNN LEASE
Professionally managed by Dakota Commercial.
Premier location in Grand Forks on highly sought after Southend corridor.
Two (2), five (5) year options to renew, each with a 10% rent increase.
Corporate guarantee.
This area is within two blocks of the following attractions/destinations:
Icon Sports Center, Choice Health & Fitness and Altru Health System specialty clinics.
Recent tenants to the area:
Tropical Smoothie, McDonald’s, Little Bangkok, Golf Center, Amish Furniture Gallery, Ski & Bike Shop,
Mattress Factory.
New interchange West of this site about two miles East along 47th Ave has been approved by the DOT. This
will provide direct access from the interstate
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,262 SF
Building Class
B
Year Built
2025
Price
$2,950,000
Price Per SF
$1,304.16
Cap Rate
6.21%
NOI
$183,224
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.03 AC
Parking
28 Spaces (12.38 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Starbucks
- -
- -
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Starbucks | - | - | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44181900001000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $299,500 |
PROPERTY TAXES
Parcel Number
44181900001000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$299,500
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Stand alone Starbucks | 4675 Washington St
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