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23189448
23189467

3900 2nd Street NE, Minot, ND 58703

Coldwell Banker 1st Minot Realty
Listed by Coldwell Banker 1st Minot Realty
$1,299,000
408 days on market
Updated 43 days ago

3900 2nd Street NE, Minot, ND

Details
APN MI01C460000020
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 7,200
Net Rentable (SqFt) 7,200
Cap Rate 6.24%
NOI $81,000
Occupancy 100%
Tenancy Single
Lease Type NN+
Lease Term 10
Lease Expiration 10/31/2030
Remaining Term 4.4
Broker Co-Op Yes
Class B
Year Built 2010
Buildings 1
Stories 1
Lot Size (SqFt) 50,793
Zoning M1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2020
Occupancy Date 11/01/2020
Ground Lease No
Ceiling Height 22
Loading Docks 5
Dock High Doors 5
Ownership Private Party
Sale Condition 1031 exchange

Industrial | 6.24% CAP | 7,200 SqFt

Marketing description

Frito-Lay lease...This is the location of the Frito-Lay distribution center for Minot, ND, and the surrounding area. 3900 2nd St SE is an excellent industrial property with a strong lease to a corporate tenant in north Minot. The building and lot are in great condition. An Environmental Phase I was completed on this property in 2026. The report is available to assist in a buyer's due diligence. There is a 720 SF two-story office area. This is an opportunity to own a great quality investment property at the center of business activity in central North Dakota. Minot is the hub for this wholesale food distribution business.

Investment highlights

Great location on North Main Street in Minot for quick access to U.S. Hwy 2 & U.S. Hwy 83

High-quality industrial space

5 Dock doors

A/C and Heat in the office area is on a separate HVAC System.

Well-maintained parking lot

Listing Contacts

Coldwell Banker 1st Minot Realty
Listed by Coldwell Banker 1st Minot Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$81,000.00
$6,750.00/mo

Valuation Metrics

0
DSCR
6.24%
Cap Rate
6.24%
ROI

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