For Sale
$1,560,000

745 45Th St Fargo, ND 58103

Multi-tenant retail center, high NOI.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a stabilized, multi-tenant retail shopping center and storefront located at 745 45th St S, Fargo, ND 58103, in Cass County. The property, built in 1999 and renovated in 2017, boasts 13,725 square feet of net rentable space across eight units, currently operating at 100% occupancy since May 1, 2017. The property features a single, one-story building situated on a substantial 86,847 square foot lot, zoned for commercial use. The asking price is $1,560,000, representing a compelling price per square foot of $113.66 and an attractive 8.14% cap rate. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $126,916, with a remaining lease term of five years and a triple net (NNN) lease structure. This value-add opportunity is held in trust and offers a significant return on investment for the discerning buyer. The property's APN is 10-3880-01601-000.

Highlights

  • 13,725 SF multi-tenant retail center in Fargo, ND, 100% occupied since 5/1/2017.
  • 8-unit, single-story building on an 86,847 SF lot.
  • Built in 1999, renovated in 2017.
  • $1,560,000 asking price, $113.66/SF, 8.14% cap rate.
  • $126,916 NOI, 5-year remaining lease term, NNN leases.

Property Details for 745 45Th St

Property type
Lifestyle centers, Power centers
Square Feet
13,725 SF
Class
B
Year Built/Renovated
1999/2017
Buildings
1
Stories
1
Units
8

Location Insight

City
Fargo
County
Cass
State
North Dakota
Latitude
46.868471470325
Longitude
-96.863057586039

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FAQs

What type of property is this?
Lifestyle center - Multi-tenant retail center, high NOI.
Where is the lifestyle center located?
The property is located at 745 45Th St Fargo, ND.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: 13,725 SF multi-tenant retail center in Fargo, ND, 100% occupied since 5/1/2017.; 8-unit, single-story building on an 86,847 SF lot.; Built in 1999, renovated in 2017.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Kelly Parrett
Kelly Parrett
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45Th St
Fargo, ND 58103

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45Th St
Fargo, ND 58103

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

745 45Th St
  • Kelly Parrett
    Kelly Parrett
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