4301 17Th Ave Fargo, ND 58103

This exceptional investment opportunity presents a fee-simple ownership of Lucky's 13 Pub, a thriving restaurant and bar located at 4301 17th Ave S in Fargo, North Dakota. The property boasts 8,946 square feet on a 1.406-acre lot and is situated in a prime hospitality corridor, adjacent to the West Acres Mall, a super-regional shopping center with over 950,000 square feet of retail space. This ensures high foot traffic and visibility. The property features a single-tenant, net lease (NNN) agreement with Lucky's 13 Pub, a well-established operator with multiple locations across the Upper Midwest. The current lease, commencing December 31, 2020, has a remaining term of approximately 16.1 years, extending to December 31, 2040, and includes built-in rent bumps. The asking price is $4,370,000, representing a price per square foot of $488.49 and a 7.32% cap rate based on a Net Operating Income (NOI) of $319,954. The building, constructed in 2011, is a single-story structure with 100% occupancy since its opening. The lease includes two 10-year renewal options, providing long-term stability and predictable cash flow. Fargo, the largest city in North Dakota, with an estimated population of 129,000, offers a strong market for this type of establishment. The property's location near ten hotels within a one-mile radius further enhances its appeal to a diverse customer base. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant upside potential. The APN is 01-8389-00020-000.