801 Elm St, Tioga, ND 58852

Property Details for 801 Elm St

Property type

Commercial real estate

APN

03-000-00-19-01-010

APU

3000001901010

Description

This exceptional 10,000-square-foot shopping center in Tioga, North Dakota, presents a compelling investment opportunity. Built in 2014, the single-story building boasts 100% occupancy across three units, anchored by a Coborn's franchisee with a corporate guarantee. The property features 72 parking spaces and benefits from a prime location at 801 Elm St, near the largest natural gas processing plant in North Dakota, ensuring strong tenant demand. With a stabilized investment profile, a Net Operating Income (NOI) of $253,607, and an 8.50% cap rate, this property offers significant returns. The 0.9-acre lot provides ample space, and the building includes features such as a fire suppression system, security cameras, and LED parking lot lighting. The current leases have 3.5 years remaining, with rent bumps included. Multiple lease options are available, and the property is offered fee-simple. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving North Dakota community. The property's proximity to a grocery store, medical center, community center, and four apartment complexes further enhances its appeal and ensures consistent foot traffic. The asking price is $2,983,610, translating to $298.36 per square foot.

Location Insight

City

Tioga

County

Williams

State

North Dakota

Longitude

-102.93

Latitude

48.4021

CBSA code

48780

CBSA name

WILLISTON, ND MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments