1738 S Broadway Minot, ND 58701

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.