Listing Agency: Duemelands Commercial Real Estate Show Phone

Listed By: Jill Duemeland · License #7141 Show Phone

Source: Moodyscre

Added: Oct 28, 2025 Changed: Aug 11 Last Checked: Sep 10 at 7:34AM

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Investment Insights

Based on property information with market context.

This two-tenant investment property features a drive-thru and a net rentable area of 8,114 square feet, situated on a 1.07-acre lot. The property has a 7.00% CAP Rate. It includes a new 10-year lease with Panera Bread and an early 5-year extension with Mattress Firm, indicating stable, long-term tenancy. The property benefits from a large pylon sign, enhancing visibility from the freeway. The property is located in Minot, ND.

Key Highlights

• New 10‑year lease with Panera Bread
• Extremely strong sales
• 7.00% CAP Rate

Property Analytics

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Current Use

Panera Bread Take-out & Catering Mattress Firm Minot Furniture & Home Goods

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Building Supply Parking Lot & Garage HVAC Service Kitchen & Bath Showroom

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

535

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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

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Frequently Asked Questions

What type of property is this?

Strip mall - Two-tenant investment property with drive-thru and freeway visibility.

Where is this strip mall located?

The property is located at 1807 22nd Ave SW Minot, ND.

What is the asking price?

The asking price for this property is $3,860,000.

What are key features of this property?

This property features: New 10‑year lease with Panera Bread; Extremely strong sales; 7.00% CAP Rate