Burger King Absolute Net
For Sale
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1333 19th Avenue, Fargo, ND 58102
Burger King pad site with an absolute net lease featuring scheduled annual rent increases and remaining lease term of 17+ years.
Property Size3,417 SF
Days on Market124
Property Features for 1333 19th Avenue
General Information
Standard status
Active
Size
3,417 SF
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SAB Capital
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 2:29AM
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 SAB Capital
Investment Insights
Based on property information with market context.
Burger King is offered as a pad site restaurant under an absolute net lease, with 3,417 square feet of building area. The tenant is responsible for all expenses associated with the property, and the lease includes 1.25% annual rent increases over the base term and within the four, five-year renewal options. The lease is corporately guaranteed by Meridian Restaurant Unlimited, Limited Company and also supported by a full-term personal guaranty from its principals. Burger King plans to invest significant capital into a “20/20” remodel scheduled for 2018.
The pad site is part of a 99,000-square-foot mixed-use retail-education building on 19th Avenue and is directly adjacent to North Dakota State University’s FargoDome. That building includes CVS/Pharmacy and the North Dakota State University College of Science. FargoDome is described as an 18,000-seat venue and is home to the Division I FCS North Dakota State University men’s football team. The property is also noted as being less than one mile from Hector International Airport, and a proposed $23-million residential-retail mixed-use development is located less than one mile away.
The pad site is part of a 99,000-square-foot mixed-use retail-education building on 19th Avenue and is directly adjacent to North Dakota State University’s FargoDome. That building includes CVS/Pharmacy and the North Dakota State University College of Science. FargoDome is described as an 18,000-seat venue and is home to the Division I FCS North Dakota State University men’s football team. The property is also noted as being less than one mile from Hector International Airport, and a proposed $23-million residential-retail mixed-use development is located less than one mile away.
Key Highlights
- 3,417 SF Burger King pad site in Fargo, ND, on 19th Avenue adjacent to the FargoDome/NDSU campus facilities
- Absolute net lease: tenant responsible for all expenses; 17+ years remaining on the base term
- Lease includes 1.25% annual rent increases over the base term and in four, five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58102, ND
30,767
Population
16,757
Households
1.8
Avg Household Size
32
Median Age
45%
College-Educated
95%
High-School Grad
31.6 sq mi
ZIP Area
974
Density / Sq Mi
$56,028
Median Household Income
$31,939
Median Earnings
$829
Median Rent
$235,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Burger King pad site with an absolute net lease featuring scheduled annual rent increases and remaining lease term of 17+ years.
Where is this conventional restaurant located?
The property is located at 1333 19th Avenue Fargo, ND.
What are key features of this property?
This property features: 3,417 SF Burger King pad site in Fargo, ND, on 19th Avenue adjacent to the FargoDome/NDSU campus facilities; Absolute net lease: tenant responsible for all expenses; 17+ years remaining on the base term; Lease includes 1.25% annual rent increases over the base term and in four, five‑year renewal options
