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1738 S Broadway Minot, ND 58701

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For Sale
$1,577,000

NNN leased Take 5 Oil Change in Minot, North Dakota.

Property size:
1,661 SF
Lot size:
0.43 Acres

Property Features for 1738 S Broadway

General Information

Standard status
Active
Zoning
C2: General Commercial
Size
1,661 SF
Lot size
0.43 Acres

Building Details

Year built
1959

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Listing Contact
Calvin Short
Calvin Short
Source: Crexi

Listing Agency: SRS Real Estate Partners Newport Beach Listing Agent: Calvin Short

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Take 5 Oil Change Investment

The property is an absolute NNN leased Take 5 Oil Change investment property in Minot, North Dakota. A brand-new, 15-year lease with four 5-year options to extend will be signed at the close of escrow. The lease features 6% rental increases at the end of year five and then annual 1.5% rental increases for the remainder of the initial term and throughout each option period. The lease is absolute NNN with zero landlord responsibilities. Take 5 Oil Change is located at the intersection of South Broadway and 18th Avenue, which sees a combined total of 30,200 vehicles per day. South Broadway is the major retail thoroughfare serving the city of Minot. The asset is less than 2 miles from Dakota Square Mall, a 757,513-square-foot regional shopping mall. Take 5 Oil Change is in close proximity to car dealerships and other auto service providers, positioning the asset in an ideal location for capturing overflow and cross-service customers. The asset is located in a primary retail corridor. The site is located five minutes from Minot State University, which has over 2,000 students, increasing consumer traffic from students, faculty, and staff. The 5-mile trade area is supported by a population of over 53,000 and 36,000 employees, with an average household income of $102,823. The property size is 1,661 square feet.
Location Intelligence

Current Use by Public Records

Take 5 Oil ... Auto Repair Shop Outlet Auto Source Car Dealership

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Superior Auto Repair, All-America City Glass, Minot's Finest Collision Center, Cadillac Service Center, Service Center - Buick GMC

Location Insight

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  • Local Demand
City
Minot
County
Ward
State
North Dakota
Longitude
-101.2975107
Latitude
48.2156665

FAQs

What type of property is this?
Auto shop - NNN leased Take 5 Oil Change in Minot, North Dakota.
Where is this auto shop located?
The property is located at 1738 S Broadway Minot, ND.
What is the asking price?
The asking price for this property is $1,577,000.
What are key features of this property?
This property features: - Brand-new, 15-year absolute NNN lease with Take 5 Oil Change, providing a long-term, stable income stream.; - Zero landlord responsibilities, offering a completely passive, management-free investment.; - Strategic location at a high-traffic intersection (30,200 VPD) on South Broadway, the major retail thoroughfare in Minot.
More about this property
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