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30027404
30027405

2377 S University Dr, Fargo, ND 58103

IH
CO FA. 100096496
Marcus & Millichap - Denver
DI
CO FA.100023779
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver
$2,755,000
111 days on market
Updated 19 days ago

Starbucks

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,425
Cap Rate 6.35%
NOI $175,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Term 10
Lease Expiration 09/11/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 4 x 5-Year
Price per SqFt $1,136
Broker Co-Op Yes
Year Built 2025
Buildings 1
Acreage 0.870
Investment Type Net Lease
Lease Commencement 09/12/2025
Occupancy Date 09/12/2025
Ground Lease No

Retail | 6.35% CAP | 2,425 SqFt

Investment highlights

  • 9.5-YEAR CORPORATE GUARANTEED *TRIPLE-NET LEASE, PROVIDING LONG TERM STABILITY

  • BRAND NEW CONSTRUCTION BUILT TO SUIT

  • SITUATED 3 MILES FROM NORTH DAKOTA STATE UNIVERSITY JUST OFF I-94

Listing Contacts

IH
CO FA. 100096496
Marcus & Millichap - Denver
DI
CO FA.100023779
Marcus & Millichap - Denver
Listed by Marcus & Millichap - Denver

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$175,000.00
$14,583.33/mo

Valuation Metrics

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DSCR
6.35%
Cap Rate
6.35%
ROI

Map

Zoning

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GC CommercialGeneral CommercialGeneral Commercial
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Jon Ruzicka
License
10032
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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