745 45Th StFargo, ND 58103

Property Details for 745 45Th St

Year built

1999

Property size (Sq ft)

13,725 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Fargo

County

Cass

State

North Dakota

Latitude

46.8685

Longitude

-96.8631

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