1213 Brookside PlBismarck, ND 58503

This exceptional investment opportunity presents a brand-new, fee-simple IHOP restaurant in Bismarck, North Dakota. The property boasts a 15-year absolute NNN lease commencing December 1, 2024, and expiring November 30, 2039, with six five-year renewal options. The 3,750 square foot restaurant sits on a 1.5-acre lot and is 100% occupied by a top-tier IHOP franchisee. The property enjoys a strong net operating income (NOI) of $165,000, yielding a 5.25% cap rate. Built in 2024, this is only the third IHOP in North Dakota and the sole location serving Bismarck within a 100-mile radius, ensuring a significant market share. The strategic location along a high-traffic retail corridor, with over 39,573 vehicles passing daily and direct Interstate 94 access (34,778+ VPD), provides exceptional visibility. The property benefits from proximity to major retailers including Costco, Walmart, Dick's Sporting Goods, and many others, drawing significant foot traffic. Annual rent bumps are included, offering inflation protection and long-term value appreciation. The offering memorandum provides details on rent escalation clauses. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a rapidly growing market. The asking price is $3,142,850.