1807 22nd Ave SW, Minot, ND 58701

Two-Tenant Drive-Thru Investment; Pad to Hobby Lobby and Kohl’s:

• Corporate Panera Bread (w/ Drive-Thru):

  • Over 7.5 years remaining on a new 10-year NNN lease extension

  • Panera Bread reports extremely strong sales at this location (contact agent for details)

  • 2.50% rental increase in January 2029 and 7% rental increases at the beginning of each 5-year option period

  • Corporate NNN lease (Panera, LLC); over 2,190 stores in 48 states and Canada

  • Long-term 11+ year operating history

  • Tenant to invest $150,000 to remodel or refurbish the premises no later than 12/31/2028, showing their commitment to the location

  • Corporate Panera makes up 71% of the total annual rent

• Mattress Firm:

  • Over 5.5 years remaining after an early 5-year lease extension

  • $0.50 PSF/Yr rental increase in November 2026 and $0.25 PSF/Yr annual rental increases through current term

  • Franchisee NNN lease (North Dakota Mattress Ventures, LLC) – approximately a 9-unit guaranty

  • Somnigroup International Inc. (NYSE: SGI) purchased Mattress Firm in early 2025 and is the largest bedding company in the world with revenue of $4.93 billion in 2024

  • Long-term tenancy ~11-year operating history

Large Freeway Visible Pylon Sign Providing Excellent Visibility

Located Near the Signalized Intersection of 22nd Ave SW and 16th St SW (33,500 CPD) and Located Directly at the On/Off Ramps of US 2/52 (15,900 CPD) Providing Convenient Access

Positioned Across From Dakota Square Mall Providing Excellent Crossover Traffic: Tenants include Target, Ross, Scheels, TJ Maxx/HomeGoods, Old Navy, Best Buy, Barnes & Noble, ULTA, and more

Affluent Six-Figure Incomes: Average household income in excess of $102,500 in a 5-mile radius

Minot, ND Is A Growing Market That Has Experienced Over 16% Population Growth In The Past 10 Years