Property profile

3102 Yorktown Dr Bismarck, ND 58503

FOR SALE
Drive through restaurants
Property ID
US56-0565891
4,475 SF 1.07 ac lot Built 2017
Individually Owned 8-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Restaurant

Location

3102 Yorktown Dr Bismarck, ND 58503
Bismarck metro Census 11002 BISMARCK, ND METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$479k
Blend (final) Blend
$625k

Owner & transaction history

since 2018
3 recorded transactions
2019
Price N/A
2018
$2.4M
2017
Price N/A

Zoning & alternative use

CG · Bismarck, ND
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business…

General category COMMERCIAL
Top alternative use upside
Retail stores $580,000 +42.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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