Burger King NNN
For Sale
Contact for pricing
3765 Gateway Drive, Grand Forks, ND 58201
Absolute NNN lease structure places operating expenses with the tenant and includes scheduled annual rent increases.
Property Size3,861 SF
Days on Market145
Property Features for 3765 Gateway Drive
General Information
Standard status
Active
Size
3,861 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Year Renovated
2013
Buildings
1
Listing Agency:
SAB Capital
Listed By:
Preet Sabharwal · License #NY 10401215775
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 2:22AM
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 SAB Capital
Investment Insights
Based on property information with market context.
This 3,861-square-foot Burger King restaurant at 3765 Gateway Drive is leased on an absolute NNN basis, with the tenant responsible for property-related operating expenses. The lease has more than 17 years remaining, provides 1.25 percent annual rent increases during the base term and four five-year renewal options, and includes corporate and personal guaranties. The restaurant completed a 20/20 renovation in 2013.
The property sits along the Gateway Drive and Route-2 corridor in Grand Forks, North Dakota, where traffic exceeds 19,000 vehicles per day. The University of North Dakota is less than one mile away, while Ralph Engelstad Arena is approximately one mile from the site. The Alerus Conference Center is approximately two miles south and includes a 26,000-square-foot ballroom and 12 meeting rooms.
The tenant is operated by Meridian Restaurant Unlimited, Limited Company, a 100-unit franchisee restaurant operator with multiple concepts.
The property sits along the Gateway Drive and Route-2 corridor in Grand Forks, North Dakota, where traffic exceeds 19,000 vehicles per day. The University of North Dakota is less than one mile away, while Ralph Engelstad Arena is approximately one mile from the site. The Alerus Conference Center is approximately two miles south and includes a 26,000-square-foot ballroom and 12 meeting rooms.
The tenant is operated by Meridian Restaurant Unlimited, Limited Company, a 100-unit franchisee restaurant operator with multiple concepts.
Key Highlights
- 3,861‑square‑foot Burger King restaurant at 3765 Gateway Drive, Grand Forks, ND 58201
- Absolute NNN lease with more than 17 years remaining
- 1.25 percent annual rent increases during the base term and four five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 39%
Hotels & Casinos 5%
McDonald's
Dining
32,448 visits/mo
0.4 miles
Speedway
Shops & Services
15,288 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
4,673 visits/mo
0.5 miles
Ramada
Hotels & Casinos
1,980 visits/mo
0.4 miles
Forks Freightliner
Shops & Services
1,213 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure places operating expenses with the tenant and includes scheduled annual rent increases.
Where is this nnn property located?
The property is located at 3765 Gateway Drive Grand Forks, ND.
What are key features of this property?
This property features: 3,861‑square‑foot Burger King restaurant at 3765 Gateway Drive, Grand Forks, ND 58201; Absolute NNN lease with more than 17 years remaining; 1.25 percent annual rent increases during the base term and four five‑year renewal options
