2653 45th St S, Fargo, ND 58104

The property at 2653 45th Street South, Fargo, North Dakota offers a prime opportunity to acquire a high-quality single-tenant net lease asset ideally suited for a high-performing quick-service restaurant tenant. The ±4,276-square-foot building sits on 0.90 acres, featuring a single-lane drive-thru, a modern brick façade, and 37 dedicated parking spaces.

Strategically located along 45th Street S near Interstate 29, the site offers excellent visibility and access in a growing retail corridor surrounded by Sanford Medical Center, Scheel's Arena, Starbucks, AT&T, Slim Chickens, and Kwik Star(under construction). The 5-mile trade area includes more than 174,000 residents, strong household incomes, and steady population growth. The property also benefits from excellent regional connectivity, located 6.6 miles from Fargo Amtrak Station and within 20 minutes of Hector International Airport.

Backed by a proven Freddy's franchisee, the property has over six years remaining on the initial term with scheduled rent increases and multiple renewal options, making it a passive, long-term investment. With more than 300 locations nationwide, Freddy's Frozen Custard & Steak burgers is a strong national brand, offering investors both tenant security and location strength in one of Fargo's most dynamic commercial corridors.

Freestanding NNN-leased Freddy's restaurant available for sale! 4,276 SF building with drive-thru leased to a multi-unit Freddy's Franchisee on 39,330 SF lot. Four 5-year renewal options. 6 years remaining on primary term.

Fargo is the largest city in North Dakota and a major cultural and economic hub of the Upper Midwest. Situated along the Red River at the Minnesota border, the city is home to roughly 125,000 residents. Established in 1871 and named after William Fargo, a director of the Northern Pacific Railway and co-founder of Wells Fargo, the city grew rapidly as a key trade and transportation center during the rail road era.

Today, Fargo's economy is powered by healthcare, education, and technology, anchored by institutions such as North Dakota State University and Sanford Health. Its revitalized downtown blends historic architecture with modern amenities, vibrant local businesses, and a growing arts scene highlighted by the historic Fargo Theatre.

Fargo experiences a continental climate with cold winters and warm summers, shaping a resilient and close-knit community. The city became widely recognized after the 1996 Coen Brothers film Fargo, though most scenes were set in Minnesota. Annual events like this attract visitors from across the region, while the Plains Art Museum - the largest art museum in the state celebrates local and Native American heritage.

With its blend of economic opportunity, cultural richness, and small-town warmth, Fargo continues to grow as a dynamic, livable city for both residents and visitors.