3000 Rock Is Pl, Bismarck, ND 58504-7725
- Drive through restaurants
- 3,299 SF
- 1.01 lot acres
Current Use by Public Records
- Arby's / Restaurant / Take-out & Catering
Property Details for 3000 Rock Is Pl
- Year built
- 2006
- Lot size
- 1.01 lot acres
- Zone code
- MA
- Property type
- Drive through restaurants
- APN
- 1462-001-001
- APU
- 1462001001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 16, 2023 | $1,775,500 | Focus Realty Group LLC | Carisch Brothers LP | Warranty Deed | $45M · Lake Forest Bank & Trust Co NA |
| May 3, 2022 | — | Carisch Brothers LP | — | Deed · related | $15.2M · Bell Bank |
| Dec 17, 2021 | $984,789 | Railwau Credit Union | Dps Properties LLP | Warranty Deed | — |
| Dec 3, 2019 | $734,974 | Carisch Brothers LP | Robert E Savageau | Warranty Deed | — |
| Nov 4, 2009 | — | Sssm North Hills Limited Partnershi | Carisch Brothers LP | Limited Warranty Deed | — |
| Sep 1, 2009 | — | Carisch Brothers LP | Vp Properties Of Bismarck Ltd | Limited Warranty Deed | — |
| Apr 2, 2008 | — | Vp Properties Of Bismarck | Vp Properties Of Bismarck Ltd | Quit Claim Deed · related | — |
Description
This exceptional investment opportunity presents a 3,390 square foot Arby's restaurant located at 3000 Rock Island Pl, Bismarck, ND 58504. The property sits on a 1.01-acre lot and benefits from a brand new 20-year absolute triple-net (NNN) sale-leaseback agreement with zero landlord responsibilities. The lease includes 10% rental increases every five years, with four additional five-year renewal options. The tenant, AES Restaurants (Attitude Equals Success), is the third largest and expanding Arby's franchisee, led by a long-term franchisee with extensive experience. The property boasts a healthy 7.50% rent-to-sales ratio, generating $1,844,779 in gross sales during 2023. Its prime location on a signalized hard corner at the intersection of E Bismarck Expy and Burlington Dr sees over 21,000 vehicles per day (VPD). This high-traffic area is situated on a primary industrial corridor with high occupancy rates. The property's proximity to a Walmart and Sam's Club further enhances its appeal. Bismarck, North Dakota's capital city, offers a robust economy with a low unemployment rate of 1.80% and a high average household income of $85,470. The property's NOI is $138,358, resulting in a 5.50% cap rate, and the asking price is $2,515,000 ($741.89 per square foot). Built in 2005, this property represents a secure and lucrative investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,310,000
- ML approach
- $2,225,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bismarck
- County
- Burleigh
- State
- North Dakota
- Longitude
- -100.747
- Latitude
- 46.7948
- CBSA code
- 13900
- CBSA name
- BISMARCK, ND METROPOLITAN STATISTICAL AREA
