Burger King Absolute NNN
For Sale
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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$401.45
Days on Market94
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: Oct 21
Last Checked: Oct 20 at 9:34PM
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
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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 / Yr
$45,409
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
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
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 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 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.4K
$788.7K – $1.05M
NOI $63,099 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in Midwest region
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 $1,520,691.
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
