For Sale
$1,503,190

3102 Yorktown DrBismarck, ND 58503

High-traffic Burger King, 13-year lease

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 3,788 square foot Burger King located at 3102 Yorktown Drive, Bismarck, North Dakota. The property boasts a 13.1-year remaining lease term (expiring 12/31/2037), commencing January 26, 2024, structured as an absolute NNN lease with annual percentage rent increases. The property's strong financial performance is reflected in a 6.00% cap rate and a Net Operating Income (NOI) of $90,191. The asking price is $1,503,190, translating to $396.83 per square foot. Built in 2017, this single-tenant property sits on a 1.03-acre lot and enjoys 100% occupancy. Its prime location within a thriving commercial corridor benefits from high visibility and accessibility, with over 25,000 vehicles passing daily. The property's proximity to Bismarck State College and Sanford Health ensures consistent customer traffic, further enhanced by its established retail environment surrounded by national brands such as Costco, Walmart, and Kohl's. The lease includes four 5-year renewal options, providing long-term investment security. The investment is further strengthened by strong dual personal guarantees from experienced operators with a proven financial history. This offers a stable and secure investment opportunity with significant upside potential.

Highlights

  • $1,503,190 asking price for a 3,788 SF Burger King in Bismarck, ND.
  • Absolute NNN lease with 13.1 years remaining, expiring 12/31/2037, and four 5-year renewal options.
  • Annual percentage rent increases and strong dual personal guarantees from experienced operators.
  • Prime Bismarck location on a thriving commercial corridor with high traffic counts, near Bismarck State College and Sanford Health.
  • Surrounded by national retailers like Costco, Walmart, and Kohl's.

Property Details for 3102 Yorktown Dr

Property type
Retail properties, Restaurants
Square Feet
3,788 SF
Year Built
2017
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Bismarck
County
Burleigh
State
North Dakota
Latitude
46.8396409
Longitude
-100.7298967
3102 Yorktown Dr, Bismarck, North Dakota

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3102 Yorktown Dr
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