4301 17Th Ave Fargo, ND 58103

Property Details for 4301 17Th Ave

Year built

2011

Lot size

1.41 lot acres

Property size

8,946 SF

Property type

Bars

Property subtype

Pubs

APN

01-8389-00020-000

Description

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.