Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Derived from the Bismarck market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CG · Bismarck, ND14-04-12. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CG in Bismarck, ND.
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