Burger King Absolute NNN
For Sale
Contact for pricing
3102 Yorktown Dr, Bismarck, ND 58503
Burger King restaurant with an approximately 12-year absolute triple net lease and annual percentage rent.
Property Size3,788 SF
Price / SF$418.18
Days on Market49
Property Features for 3102 Yorktown Dr
General Information
Standard status
Active
Size
3,788 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$95,043
Building Details
Year Built
2017
Buildings
1
Tenancy
Single
Listing Agency:
Sands Investment Group Los Angeles
Listed By:
Tyler McGarry · License #CA 02232697
Source:
Crexi
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 6 at 10:41PM
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 Sands Investment Group Los Angeles
Investment Insights
Based on property information with market context.
Sands Investment Group is pleased to offer for sale a 3,788 SF Burger King restaurant at 3102 Yorktown Drive in Bismarck, ND. The property is leased under an approximately 12-year absolute triple net (NNN) structure that includes annual percentage rent.
The lease is supported by dual personal guarantees from two experienced operators with a proven financial history, adding additional security to the long-term income stream.
This offering is presented as a stabilized, long-duration NNN investment tied to a single-tenant fast-food operator, with personal guarantees intended to support lease performance.
The lease is supported by dual personal guarantees from two experienced operators with a proven financial history, adding additional security to the long-term income stream.
This offering is presented as a stabilized, long-duration NNN investment tied to a single-tenant fast-food operator, with personal guarantees intended to support lease performance.
Key Highlights
- 3,788 SF Burger King located at 3102 Yorktown Drive in Bismarck, ND
- ~12‑year absolute triple net (NNN) lease structure
- Lease includes annual percentage rent
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$908,180
$908.2K
Cap Rate 7%
$648,700
$648.7K
Cap Rate 9%
$504,544
$504.5K
Market Conditions
NOI Build-Up for 3,788 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.5K $17.04/SF
− Vacancy
−$4.0K −$1.06/SF
EGI
$60.5K $15.98/SF
− OpEx
−$15.1K −$4.00/SF
NOI
$45.4K $11.99/SF
Area
Burleigh County, ND
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$908,180
Cap Rate 7%
$648,700
Cap Rate 9%
$504,544
Alternative Uses
Best Use
Specialty Retail
$648.7K
$567.6K – $756.8K
NOI $45,409 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.4K
$788.7K – $1.05M
NOI $63,099 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58503, ND
37,157
Population
15,997
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
96%
High-School Grad
135.6 sq mi
ZIP Area
274
Density / Sq Mi
$105,108
Median Household Income
$60,058
Median Earnings
$1,131
Median Rent
$383,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Burger King restaurant with an approximately 12-year absolute triple net lease and annual percentage rent.
Where is this conventional restaurant located?
The property is located at 3102 Yorktown Dr Bismarck, ND.
What is the asking price?
The asking price for this property is $1,584,053.
What are key features of this property?
This property features: 3,788 SF Burger King located at 3102 Yorktown Drive in Bismarck, ND; ~12‑year absolute triple net (NNN) lease structure; Lease includes annual percentage rent
