8923 Oil Ave Williston, ND 58801
High-yield, Net Lease FedEx investment
Property size:
23,290 SFProperty 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
Listing Agent: Deno Bistolarides
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
FedEx Ship Center
Logistics Company
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.
