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Property profile & analytics
OFF-MARKET Estimated value $555,000
Drive through restaurants

3102 Yorktown Dr Bismarck, ND 58503-8542

4,475 SF 1.07 ac lot Built 2017
Individually Owned 8-yr Hold Free & Clear
Property ID
US56-0565891
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,788 square foot Burger King located at 3102 Yorktown Drive, Bismarck, North Dakota. The property boasts a 13.1-year remaining lease term (expiring 12/31/2037), commencing January 26, 2024, structured as an absolute NNN lease with annual percentage rent increases. The property's strong financial performance is reflected in a 6.00% cap rate and a Net Operating Income (NOI) of $90,191. The asking price is $1,503,190, translating to $396.83 per square foot. Built in 2017, this single-tenant property sits on a 1.03-acre lot and enjoys 100% occupancy. Its prime location within a thriving commercial corridor benefits from high visibility and accessibility, with over 25,000 vehicles passing daily. The property's proximity to Bismarck State College and Sanford Health ensures consistent customer traffic, further enhanced by its established retail environment surrounded by national brands such as Costco, Walmart, and Kohl's. The lease includes four 5-year renewal options, providing long-term investment security. The investment is further strengthened by strong dual personal guarantees from experienced operators with a proven financial history. This offers a stable and secure investment opportunity with significant upside potential.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2017
Total area 4,475 SF
Lot 1.07 ac (46,653 SF)
Zoning code CG
APN 2135-001-050
UPID US56-0565891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Burger King Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$479k
Blend (final) Blend
$555k
Owner & transaction history
Edward Leland Rothfarb · 8 yrs held
Edward Leland Rothfarb
since 2018
3 recorded transactions
2019
Price N/A
2018
$2.4M
2017
Price N/A
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $580,000 +42.1%
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