1738 S Broadway, Minot, ND 58701
- Retail space
- 1,661 SF
- 0.43 lot acres
Current Use by Public Records
- Take 5 Oil Change / Auto Repair Shop
- Outlet Auto Source / Car Dealership
Property Details for 1738 S Broadway
- Lot size
- 0.43 lot acres
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 1,661 square foot Take 5 Oil Change located at 1738 S Broadway, Minot, ND 58701. The property sits on a 0.43-acre lot and boasts a new 15-year absolute NNN lease commencing September 15, 2024, and expiring September 16, 2039. The lease includes rent bumps, with a 6% increase after year five and 1.5% annual increases thereafter. The property enjoys a high-visibility location on a major commercial corridor with daily traffic exceeding 28,230 vehicles. Its strategic proximity to Minot Air Force Base (13 miles), downtown Minot (1 mile), and numerous national retailers (Chevrolet, Target, Scheels, Starbucks, etc.) ensures consistent customer traffic. The property's strong performance is further supported by Take 5 Oil Change's nearly 800 locations nationwide. The current Net Operating Income (NOI) is $108,000, resulting in a 6.75% cap rate. The asking price is $1,600,000. The property was renovated in 2024. This is a 1031 exchange eligible property. This is a single-tenant property with excellent visibility and access.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.2965852
- Latitude
- 48.2149275
