LongHorn Steakhouse NNN
For Sale
Contact for pricing
1070 E Interstate Ave, Bismarck, ND 58503
Single-tenant LongHorn Steakhouse built in 2015 with an absolute NNN lease featuring scheduled increases and extension options.
Property SizeContact for details
Days on Market123
Property Features for 1070 E Interstate Ave
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2015
Listing Agency:
The Woodmont Company
(619) 823-0253
Listed By:
Russel Wehsener · License #CA 02194516
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 2:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Woodmont Company
Investment Insights
Based on property information with market context.
This LongHorn Steakhouse was built in 2015 and operates under a 10-year, absolute NNN lease. The lease includes 10% increases every five years and four additional five-year options to extend. The property has been open and operating successfully for 7.5 years, with just over 2.5 years remaining on the initial lease term.
The asset is positioned as an outparcel to Gateway Fashion Mall in Bismarck, North Dakota. Gateway Fashion Mall is described as one of only two malls in the state capital and has anchors including Joann’s, Harbor Freight, Planet Fitness, and Essentia Health.
The property is offered for sale as a specialty, NNN restaurant investment with a lease structure designed to provide periodic rent increases and additional renewal terms.
The asset is positioned as an outparcel to Gateway Fashion Mall in Bismarck, North Dakota. Gateway Fashion Mall is described as one of only two malls in the state capital and has anchors including Joann’s, Harbor Freight, Planet Fitness, and Essentia Health.
The property is offered for sale as a specialty, NNN restaurant investment with a lease structure designed to provide periodic rent increases and additional renewal terms.
Key Highlights
- Single‑tenant LongHorn Steakhouse built in 2015 in Bismarck, North Dakota
- 10‑year, absolute NNN lease in place with just over 2.5 years remaining on the initial term
- Lease includes 10% rent increases every 5 years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant LongHorn Steakhouse built in 2015 with an absolute NNN lease featuring scheduled increases and extension options.
Where is this conventional restaurant located?
The property is located at 1070 E Interstate Ave Bismarck, ND.
What are key features of this property?
This property features: Single‑tenant LongHorn Steakhouse built in 2015 in Bismarck, North Dakota; 10‑year, absolute NNN lease in place with just over 2.5 years remaining on the initial term; Lease includes 10% rent increases every 5 years
