8923 Oil Ave Williston, ND 58801
For Sale
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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.
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FedEx Ship Center Logistics Company Freight Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.