3000 Rock Is Pl Bismarck, ND 58504-7725

Property Details for 3000 Rock Is Pl

Year built

2006

Lot size

1.01 lot acres

Property size

3,299 SF

Zone code

MA

Property type

Drive through restaurants

APN

1462-001-001

APU

1462001001

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.

Location Insight

City

Bismarck

County

Burleigh

State

North Dakota

Longitude

-100.747

Latitude

46.7948

CBSA code

13900

CBSA name

BISMARCK, ND METROPOLITAN STATISTICAL AREA

Property Tax & Assessments