Burger King - Bismarck, ND | 3102 Yorktown Dr
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Burger King - Bismarck, ND 3102 Yorktown Dr
3,788 SF Retail Building Bismarck, ND 58503 $1,503,190 ($397/SF) 6% Cap Rate
Investment Highlights
- This Property is Supported By Strong Personal Guarantees From Two Experienced Operators With a Proven Financial History
- The Property Features a 13-Year Absolute NNN Lease, Offering Investors Passive Income With Zero Landlord Responsibilities
- The Property is Located Near Key Economic Drivers, Including Bismarck State College (With Over 4,000 Students)
- As Part of the Internationally Recognized Burger King Brand, This Location Benefits From Burger King's Established Market Presence
- Located At 3102 Yorktown Drive, This Burger King is Positioned in One of Bismarck's Busiest Retail and Commercial Hubs
- This Burger King is Surrounded By National Brands Such as Costco, Walmart and Kohl's, Which Drive Substantial Foot Traffic to the Area
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,788 SF Burger King Located at 3102 Yorktown Drive in Bismarck, ND. This Deal Includes a 13-Year Absolute NNN Lease With Annual Percentage Rent Increases and Strong Dual Personal Guarantees. This Property is Supported By Strong Personal Guarantees From Two Experienced Operators With a Proven Financial History. These Guarantees Provide Added Security and Make This a Highly Stable Investment Opportunity, Providing For a Secure Investment.
In Cooperation With Sands Investment Group North Dakota, LLC - Lic. #3403 BoR: Andrew Ackerman - Lic. ND #11252
In Cooperation With Sands Investment Group North Dakota, LLC - Lic. #3403 BoR: Andrew Ackerman - Lic. ND #11252
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,788 SF
Building Class
B
Year Built
2017
Price
$1,503,190
Price Per SF
$397
Cap Rate
6%
NOI
$90,191
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.03 AC
Zoning
CG
Parking
33 Spaces (8.71 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Burger King
- Accommodation and Food Services
- 3,788 SF
- $23.80
- Dec 2037
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Burger King | Accommodation and Food Services | 3,788 SF | $23.80 | Dec 2037 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $924,500 | |
| Land Assessment | $596,600 | Total Assessment | $1,521,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$596,600
Improvements Assessment
$924,500
Total Assessment
$1,521,100
Contacts
-
Tyler McGarry -
Adam Scherr -
Andrew Ackerman -
Jonathan Silver -
Sands Investment Group Santa Monica, LLC
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Burger King - Bismarck, ND | 3102 Yorktown Dr
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