Triple-Net Service Retail
For Sale
$4,094,000
3300 32nd Ave S, Grand Forks, ND 58201
Three medical-service tenants occupy a 100% leased NNN retail property with corporate guarantees and long-term commitments.
Property Size9,645 SF
Price / SF$424.47
Days on Market71
Property Features for 3300 32nd Ave S
General Information
Standard status
Active
Size
9,645 SF
Property subtype
Shopping Strip
Amenities
100 Percent Leased - All Triple-Net Leases with Corporate Guarantees
Resilient Service-Based Retailers | All Three Tenants Provide Medical Services
Aspen Dental New 10-Year Extension | Commitment to Location
Aspen Dental and Chapter Medical Parent Company, The Aspen Group, is a Leading Healthcare Services Organization with Approximately 1,400 Locations in 46 States Across Five Brands
Densely-Populated Trade Area in Grand Forks - 82,327 Daytime Population within a Five-Mile Radius
Average Household Income Exceeds $91,000 within the Immediate Area
Situated in Grand Forks' Primary Retail Corridor, Anchored by: Columbia Mall, Target, Walmart, Sam's Club, Lowe's, and Menards
College Town Location, Less Than 10 Minutes from the University of North Dakota (Approximately 15,800 Students)
Building Details
Building Size
9,645 SF
Year Built
2016
Listing Agency:
Marcus & Millichap | Columbus
Listed By:
Brennan Clegg · License #License(s): OH: SAL.2019001449, NE: 20220396
(614) 360-9805
Source:
Marcusmillichap
Added: Jun 28
Changed: Sep 4
Last Checked: Sep 5 at 3:39AM
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 | Columbus
Investment Insights
Based on property information with market context.
This NNN retail property is 100% leased by three tenants providing medical services. All NNN leases include corporate guarantees, and Aspen Dental has a new 10-year extension, reflecting a commitment to the location.
The property is situated in Grand Forks’ primary retail corridor, with excellent frontage and accessibility along 32nd Avenue S, directly off Interstate 29. The surrounding trade area is supported by a densely-populated daytime base, with 82,327 daytime residents within a 5-mile radius, and average household income exceeding $91,000 within the immediate area. The area is also described as a college town setting, with the University of North Dakota less than 10 minutes away.
The property is situated in Grand Forks’ primary retail corridor, with excellent frontage and accessibility along 32nd Avenue S, directly off Interstate 29. The surrounding trade area is supported by a densely-populated daytime base, with 82,327 daytime residents within a 5-mile radius, and average household income exceeding $91,000 within the immediate area. The area is also described as a college town setting, with the University of North Dakota less than 10 minutes away.
Key Highlights
- 100% leased NNN retail property with all leases featuring corporate guarantees
- 3 tenants provide medical services, including Aspen Dental
- Aspen Dental has a new 10‑year lease extension
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
825k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Superstores 24%
Apparel 21%
Shops & Services 13%
Target
Superstores
101,672 visits/mo
0.3 miles
Walmart
Superstores
93,626 visits/mo
0.5 miles
Scheels
Apparel
83,229 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
55,457 visits/mo
0.3 miles
Sierra
Apparel
34,452 visits/mo
0.3 miles
Demographics for 58201, ND
42,598
Population
20,277
Households
2.1
Avg Household Size
34
Median Age
40%
College-Educated
96%
High-School Grad
69.0 sq mi
ZIP Area
617
Density / Sq Mi
$69,120
Median Household Income
$43,503
Median Earnings
$966
Median Rent
$274,000
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?
Retail space - Three medical-service tenants occupy a 100% leased NNN retail property with corporate guarantees and long-term commitments.
Where is this retail space located?
The property is located at 3300 32nd Ave S Grand Forks, ND.
What is the asking price?
The asking price for this property is $4,094,000.
What are key features of this property?
This property features: 100% leased NNN retail property with all leases featuring corporate guarantees; 3 tenants provide medical services, including Aspen Dental; Aspen Dental has a new 10‑year lease extension
