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Property profile & analytics
FOR SALE
Commercial real estate

8923 Oil Ave Williston, ND 58801

2.5 ac lot
Entity Owned 9-yr Hold Free & Clear
Property ID
US56-0680545
Property summary
AI-generated overview

This exceptional investment opportunity presents a 23,290-square-foot, single-tenant, net-leased distribution center in Williston, North Dakota. Built in 2017 as a build-to-suit facility for FedEx Corporation, this property boasts a strong 8-year remaining lease term (with three 5-year options) and a corporate guarantee. The lease features rent bumps every five years, ensuring consistent income growth. The property enjoys a 5.57% cap rate and a substantial net operating income (NOI) of $364,752. Located on a 2.3-acre lot at 8923 Oil Ave, Williston, ND 58801, this strategically positioned facility offers excellent access to US-2 and benefits from its proximity to another FedEx Ship Center. The building features 9 drive-ins, 1 dock-high door, and a 16-foot clear height. This is a rare opportunity to acquire a high-quality, income-producing asset anchored by an investment-grade tenant in a thriving market. The property's location in the heart of the Bakken Shale oil boom area further enhances its long-term value and potential. The building's design and location were specifically chosen to capitalize on the area's robust growth. This is a compelling investment for those seeking stable, long-term income with significant upside potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.5 ac (108,900 SF)
APN 01-111-00-00-00-010
UPID US56-0680545
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx Ship Center Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grand JR LLC · 9 yrs held
Grand JR LLC
since 2017
4 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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