Long Term Lease Starbucks
New construction, stand alone Starbucks on hard corner
Marketing description
Professionally managed by Dakota Commercial.
Premier location in Grand Forks on highly sought after Southend corridor.
Two (2), five (5) year options to renew, each with a 10% rent increase.
Corporate guarantee.
This area is within two blocks of the following attractions/destinations: Icon Sports Center, Choice Health & Fitness and Altru Health System specialty clinics.
Recent tenants to the area: Tropical Smoothie, McDonald’s, Little Bangkok, Golf Center, Amish Furniture Gallery, Ski & Bike Shop, Mattress Factory.
New interchange West of this site about two miles East along 47th Ave has been approved by the DOT. This will provide direct access from the interstate.
Investment highlights
New 10-year lease
10% base rent increase in year 6
NOI year 1-5: $183,222
6-10 years: $201,544
10-year average NOI: $192,383
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