1401 Highway 2 E
Devils Lake, ND 58301

Marcus & Millichap is pleased to exclusively present for your acquisition review Devils Lake Retail Center located in Devils Lake, North Dakota. The 18,200 square foot retail center is positioned perfectly along U.S. Route 2, across the street from a Walmart Supercenter. The retail center was recently constructed in 2015 and sits on approximately 2.94 acres next to a Sleep Inn & Suites which provides consistent walk-up traffic to the center. There are several other national retailers nearby including Applebee’s, Dairy Queen, Hardee’s, Ace Hardware, Dunn Brothers Coffee, McDonald’s, Tractor Supply, Family Dollar, Advance Auto Parts and more. Devils Lake Retail Center is a four-tenant center anchored by Dollar Tree, Maurices, AT&T, and Queen Nails. The center is fully occupied and stabilized but still offers upside potential in capturing the scheduled rent bumps for Dollar Tree and Maurices. There is zero near-term lease rollover as more than 76 percent of the gross leaseable area is leased thru at least January 2026, providing further stability to the deal. All of the leases are triple net, with each tenant reimbursing for their pro-rata share of all expenses, leaving very minimal responsibility for the landlord. Devils Lake Retail Center offers an ideal opportunity for an investor to acquire a fully occupied center, with all triple-net leases, zero near-term lease rollover, and upside potential.