Freddy's – Fargo

2653 45th Street S, Fargo, ND 58104

Accepting Offers
Freddy's – Fargo
Asking Price

$1,700,000

Freddy's – Fargo

2653 45th Street S, Fargo, ND 58104

Details

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Asset Type: Real Estate

Estate: Fee Simple

Land Area: 0.9 Acres

Property Type: Retail

Year Built: 2013

Property Size: 4,276 SF

Investment Highlights

  • OFFERING SUMMARY
  • Address: 2653 45th St S, Fargo, ND
  • Concept: Freddy's Frozen Custard & Steakburgers
  • Tenant: Franchisee
  • Price: $1,700,000
  • Cap Rate: 6.7% Current
  • NOI: $114,000 (Current)
  • Building Size (SF): ±4,276 SF
  • Lot Size (AC): ±0.90 Acres
  • Year Built: 2013
  • LEASE TERMS
  • Lease Commencement: In Place
  • Lease Term Expiration: April 2032
  • Term Remaining: 6 Years
  • Lease Type: Modified NNN
  • Landlord Responsibilities: Roof, Structure, HVAC
  • Monthly Rent: $9,500
  • Annual Base Rent: $114,000 (Current)
  • Renewal Options: 4 x 5-Year Options

Freddy's – Fargo

Freestanding NNN-leased Freddy's restaurant available for sale! 4,276 SF building with drive-thru leased to a multi-unit Freddy's Franchisee on 39,330 SF lot. Four 5-year renewal options. 6 years remaining on primary term.

Sale FAQs

Investment Sales Broker

David Schlossman, CCIM

David Schlossman, CCIM

Horizon Real Estate Group

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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