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    8923 Oil Ave Williston, ND 58801

    For Sale
    $6,550,000

    High-yield, Net Lease FedEx investment

    Property size:
    23,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 23,290-square-foot, single-tenant, net-leased distribution center in Williston, North Dakota. Built in 2017 as a build-to-suit facility for FedEx Corporation, this property boasts a strong 8-year remaining lease term (with three 5-year options) and a corporate guarantee. The lease features rent bumps every five years, ensuring consistent income growth. The property enjoys a 5.57% cap rate and a substantial net operating income (NOI) of $364,752. Located on a 2.3-acre lot at 8923 Oil Ave, Williston, ND 58801, this strategically positioned facility offers excellent access to US-2 and benefits from its proximity to another FedEx Ship Center. The building features 9 drive-ins, 1 dock-high door, and a 16-foot clear height. This is a rare opportunity to acquire a high-quality, income-producing asset anchored by an investment-grade tenant in a thriving market. The property's location in the heart of the Bakken Shale oil boom area further enhances its long-term value and potential. The building's design and location were specifically chosen to capitalize on the area's robust growth. This is a compelling investment for those seeking stable, long-term income with significant upside potential.

    Property Features for 8923 Oil Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    23,290 SF
    Lot Size
    100,188 SF

    Building Details

    Year Built
    2017
    Buildings
    1

    HighLights

    • 23,290 SF FedEx distribution center, built‑to‑suit in 2017.
    • 8+ years remaining on a 15‑year lease with three 5‑year options.
    • Net lease; tenant responsible for taxes, insurance, and CAM.
    • Rent increases every five years throughout the lease term.
    • Investment‑grade tenant (FedEx, rated BBB by S&P).
    • Strong location in Williston, ND, with easy access to US‑2, near another FedEx facility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx Ship Center Logistics Service

    Suggested Use

    Law Firm Wholesale Shop Building Supply Auto Repair Shop Accounting Firm Hotel & Motel Car Rental Shopping Mall Home Appliance Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.6123845
    Latitude
    48.2317896

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    FAQs

    What type of property is this?
    Distribution property - High-yield, Net Lease FedEx investment
    Where is this distribution property located?
    The property is located at 8923 Oil Ave Williston, ND.
    What is the asking price?
    The asking price for this property is $6,550,000.
    What are key features of this property?
    This property features: 23,290 SF FedEx distribution center, built-to-suit in 2017.; 8+ years remaining on a 15-year lease with three 5-year options.; Net lease; tenant responsible for taxes, insurance, and CAM.
    Request Owner's contact information
    8923 Oil Ave Williston, ND 58801
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    Williston, ND 58801
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8923 Oil Ave Williston, ND 58801
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