Building Details

Buildings 1

Stories 1

Units 1

Listed By: Kase Abusharkh Show Phone

Added: Jan 27, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This property features a newly constructed, 10,500 square foot Family Dollar and Dollar Tree combination store. The property is located on 6th Street NE, with convenient access to Highway 52. The property benefits from a new 10-year net lease, minimizing landlord obligations. The location in Kenmare, North Dakota, established in 1897, places it within a community of approximately 900 residents. Kenmare's position on the Central North American Trade Corridor, with proximity to a major customs port in Portal (40 miles) and an international airport in Minot (50 miles), adds to its advantageous location. The lease includes a corporate guarantee.

Key Highlights

• New 10 Year Net Leased Family Dollar
• Brand New Hybrid Store Concept
• Minimal Landlord Obligations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,348

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,726,960 $1.7M

Cap Rate 7%

$1,233,543 $1.2M

Cap Rate 9%

$959,422 $959.4K

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$126.0K $12.00/SF

− Vacancy

−$2.6K −$0.25/SF

EGI

$123.4K $11.75/SF

− OpEx

−$37.0K −$3.52/SF

NOI

$86.3K $8.22/SF

Area

Ward County, ND

Vacancy

2.10%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,726,960

Cap Rate 7%

$1,233,543

Cap Rate 9%

$959,422

Alternative Uses

Best Use

Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,348 @ 7.0% cap · market cap 5.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,683 @ 7.0% cap · market cap 5.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail properties & Spaces

Suggested Use

Top Pick Electrical Service Auto Parts Store Garden Center Storage Facility Bakery Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 58746, ND

1,462

Population

880

Households

1.7

Avg Household Size

44

Median Age

19%

College-Educated

92%

High-School Grad

446.7 sq mi

ZIP Area

3

Density / Sq Mi

$71,563

Median Household Income

$53,906

Median Earnings

$815

Median Rent

$148,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this other retail properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Kenmare, ND Family Dollar Investment

416 6th St NE, Kenmare, ND 58746

Contact for pricing

10,500 SF

View details

Kenmare Investment Property on Highway

50101 HWY 52 N, Kenmare, ND 58746

Contact for pricing

18,360 SF

View details

Frequently Asked Questions

What type of property is this?

Other retail property - A new 10 year net leased Family Dollar in Kenmare, ND

Where is this other retail property located?

The property is located at 415 6th St NE ND Kenmare, ND.

What is the asking price?

The asking price for this property is $1,680,000.

What are key features of this property?

This property features: New 10 Year Net Leased Family Dollar; Brand New Hybrid Store Concept; Minimal Landlord Obligations