Grand Forks Retail | Single Tenant | 8.65% Cap Rate
Retail | 8.65% CAP | 10,620 SqFt
Marketing description
Positioned along one of Grand Forks’ busiest retail corridors, this single-tenant retail center is occupied by Plato’s Closet, a leading national clothing resale franchise with over 500 locations and a proven track record of strong sales and tenant stability. The property is surrounded by major anchors including Ross Dress for Less, Harbor Freight, and PetSmart, providing exceptional visibility, steady foot traffic, and proximity to other top national retailers. Located on South Columbia Road near Columbia Mall and a variety of popular retailers and restaurants, it benefits from excellent daily traffic counts, strong demographics, and convenient multi-point access. A new roof is scheduled for installation in fall 2025.
The neighboring retail center, which shares the same parking lot, is also available for $1,900,000, offering an attractive 8.72% cap rate.
Additional information can be found at www.FargoCommercialRealtor.com.
PROPERTY LEASED TO LEADING NATIONAL RETAILER PLATO’S CLOSET
Plato’s Closet, a nationally recognized resale franchise with over 500 locations across North America. Consistently ranked among the top retail franchises in the country, Plato’s Closet boasts strong average store revenues, exceptional profitability, and a 99% franchisee renewal rate. Its proven business model, loyal customer base, and position in the fast-growing resale apparel market make it a highly stable and desirable long-term tenant.
Investment highlights
Positioned along one of Grand Forks’ busiest retail corridors, this single-tenant retail center is occupied by Plato’s Closet, a leading national clothing resale franchise with over 500 locations and a proven track record of strong sales and tenant stability. The property is surrounded by major anchors including Ross Dress for Less, Harbor Freight, and PetSmart, providing exceptional visibility, steady foot traffic, and proximity to other top national retailers. Located on South Columbia Road near Columbia Mall and a variety of popular retailers and restaurants, it benefits from excellent daily traffic counts, strong demographics, and convenient multi-point access. A new roof is scheduled for installation in fall 2025.
The neighboring retail center, which shares the same parking lot, is also available for $1,900,000, offering an attractive 8.72% cap rate.
Additional information can be found at www.FargoCommercialRealtor.com.
PROPERTY LEASED TO LEADING NATIONAL RETAILER PLATO’S CLOSET
Plato’s Closet, a nationally recognized resale franchise with over 500 locations across North America. Consistently ranked among the top retail franchises in the country, Plato’s Closet boasts strong average store revenues, exceptional profitability, and a 99% franchisee renewal rate. Its proven business model, loyal customer base, and position in the fast-growing resale apparel market make it a highly stable and desirable long-term tenant.
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