Listing Agency: Marcus & Millichap - Denver

Listed By: Drew Isaac · License #CO FA.100023779

Source: Crexi

Added: Apr 24 Changed: Aug 29 Last Checked: Aug 29 at 1:55PM

Report an Issue

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 Marcus & Millichap - Denver

Investment Insights

Based on property information with market context.

This Starbucks-branded NNN property at 2377 S University Dr in Fargo, North Dakota, was completed as new construction in 2025. The asset is supported by a new 10-year NNN lease and carries a 6.00% cap rate.

Key Highlights

• Starbucks‑branded NNN property
• New 2025 construction
• New 10‑year NNN lease

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Restaurant Spa & Massage Center

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

508

Businesses Nearby

Explore this area Business Placement

Demographics for 58103, ND

46,754

Population

25,241

Households

1.9

Avg Household Size

36

Median Age

37%

College-Educated

93%

High-School Grad

11.5 sq mi

ZIP Area

4,066

Density / Sq Mi

$57,699

Median Household Income

$38,241

Median Earnings

$831

Median Rent

$239,200

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Ask Rey about this property ...

Similar For Sale Nearby

Historic Mixed-Use Property

512 1st Ave N, Fargo, ND 58102

$549,000

6,075 SF

View details

Flex Space with In-Floor Heat

3320 39th Street S, Fargo, ND 58104

$650,000

5,000 SF

View details

Freestanding Open-Concept Office Property

4084 53rd Ave S, Fargo, ND 58104

$549,000

1,400 SF

View details

Freestanding Two-Story Office Building

4132 53rd Ave S, Fargo, ND 58104

$849,000

3,200 SF

View details

Broadway Frontage Retail Suites

508 Broadway N, Fargo, ND 58102

$790,000

4,680 SF

View details

Freestanding Flex Warehouse

4180 53rd Ave S, Fargo, ND 58104

$525,000

1,400 SF

View details

11-Unit Multifamily Apartment Building

1219 10th Avenue N, Fargo, ND 58102

$725,000

5,236 SF

View details

Corner-Lot Duplex with Parking

901 College Street N, Fargo, ND 58102

$315,000

2,704 SF

View details

Flex Space With Finished Offices

3320 39th Street S, Fargo, ND 58104

$650,000

0.28 Acres

View details

Two-Unit Duplex with Lofts

1121 3rd Ave N, Fargo, ND 58102

$245,000

2,036 SF

View details

5-Unit Apartment Building

826 21st St S, Fargo, ND 58103

$350,000

3,648 SF

View details

Shop Condo with Natural Gas Heat

4764 25th Street N D, Fargo, ND 58102

$210,000

1,680 SF

View details

Frequently Asked Questions

What type of property is this?

NNN property - The asset features new construction and a 10-year NNN lease.

Where is this nnn property located?

The property is located at 2377 S University Dr fargo Fargo, ND.

What are key features of this property?

This property features: Starbucks‑branded NNN property; New 2025 construction; New 10‑year NNN lease