201 Main St Mandan, ND 58554

This exceptional investment opportunity presents a stabilized retail property located at 201 & 211 E Main St, Mandan, North Dakota, 58554. The property consists of two single-story buildings totaling 15,400 square feet on a 1.49-acre lot, built in 2006 and zoned CB - Heavy Commercial. It's currently 100% occupied by O'Reilly Auto Parts (6,300 sq ft) and Family Dollar (9,100 sq ft), both with strong corporate guarantees. The property boasts a significant net operating income (NOI) of $159,876, resulting in an attractive 7.49% cap rate. The asking price is $2,135,000, translating to $138.64 per square foot. O'Reilly's lease extends to July 31, 2043, with three five-year renewal options. Family Dollar's lease runs until December 31, 2046, with four five-year renewal options, and includes a percentage rent clause of 3% of gross sales exceeding $2,400,000 annually. Expense responsibilities are clearly defined in the lease agreements, with the landlord responsible for roof, structure, and parking lot maintenance for both tenants. This property offers a compelling combination of strong tenants, long-term leases, and a high-yielding return on investment, making it an ideal addition to any portfolio. The APN is 65-006103045.