NNN Bank
For Sale
Contact for pricing
11 Central Ave, Crosby, ND 58730
Branch building leased under an absolute NNN structure with no landlord responsibilities.
Property SizeContact for details
Days on Market138
Property Features for 11 Central Ave
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$244,800
Building Details
Year Built
1963
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 6:31PM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The fee-simple property at 11 Central Ave in Crosby, North Dakota, is occupied by The Bank of Tioga and was built in 1963. The asset is subject to a 17-year absolute NNN lease with approximately 16-years of primary term remaining, placing property-level operating responsibilities with the tenant. Lease economics include 2.5% annual rent escalations and three, five year renewal options.
Crosby is located in Divide County, where the economy is supported by oil production and agriculture. The county produces approximately 38,000 barrels of oil daily, and more than 1,400 oil and gas wells have been drilled there since the 1950s. The property is also supported by the local banking presence of The Bank of Tioga, a subsidiary of TS Contrarian.
Crosby is located in Divide County, where the economy is supported by oil production and agriculture. The county produces approximately 38,000 barrels of oil daily, and more than 1,400 oil and gas wells have been drilled there since the 1950s. The property is also supported by the local banking presence of The Bank of Tioga, a subsidiary of TS Contrarian.
Key Highlights
- 17‑year absolute NNN lease with approximately 16‑years of primary term remaining
- 2.5% annual rent escalations
- Three, five year renewal options
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
837
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
837 visits/mo
0.2 miles
Demographics for 58730, ND
1,316
Population
808
Households
1.6
Avg Household Size
43
Median Age
13%
College-Educated
83%
High-School Grad
256.9 sq mi
ZIP Area
5
Density / Sq Mi
$81,711
Median Household Income
$43,601
Median Earnings
$1,023
Median Rent
$153,300
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?
NNN property - Branch building leased under an absolute NNN structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 11 Central Ave Crosby, ND.
What is the asking price?
The asking price for this property is $3,260,000.
What are key features of this property?
This property features: 17‑year absolute NNN lease with approximately 16‑years of primary term remaining; 2.5% annual rent escalations; Three, five year renewal options
