Listed by Lunnen Real Estate Services
$1,528,725
United Rentals | Single-Tenant Industrial Investment
Details
Property Type Industrial
Sub Type Warehouse, Repair
Square Footage 9,907
Cap Rate 8.00%
NOI $122,298
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 09/30/2031
Rent Bumps Yes
Lease Options One remaining five-year renewal option from October 1, 2031 through September 30, 2036
Price per SqFt $154
Class B
Buildings 1
Acreage 1.890
Investment Type Net Lease
Tenant Credit Credit Rated
Industrial | 8.00% CAP | 9,907 SqFt
Marketing description
Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota. The property features a ±9,907 SF industrial service / repair facility situated on ±1.895 acres, 100% leased to United Rentals Realty, LLC.
Located in southwest Minot, the property benefits from access to the city's commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.
Investment highlights
- Single-tenant United Rentals investment opportunity located at 1609 33rd Street SW in Minot, North Dakota
- ±9,907 SF industrial service / repair facility situated on ±1.895 acres
- 100% leased to United Rentals Realty, LLC
- Approximately 15 years of operating history at this location, with the original lease commencing in September 2011
- Tenant recently exercised its five-year extension option, extending the lease term through September 30, 2031
- Current rent is $9,265/month through September 30, 2026
- Rent increases 10% to $10,191.50/month beginning October 1, 2026
- Priced at an 8.00% cap rate on October 2026 rent, with yield growing to 8.80% in the option period
- One remaining five-year renewal option
- Functional service / warehouse facility with office component, gravel yard / parking area, and drive-in access
- Net-leased structure provides stable cash flow with limited landlord responsibilities
- Opportunity to acquire a nationally recognized tenant in a smaller-market industrial investment
- Located in southwest Minot, the property benefits from access to the city's commercial, contractor, and industrial user base. Minot serves as a regional hub for north-central North Dakota, supporting agriculture, construction, energy, logistics, and service-related businesses throughout the broader trade area.
Listing Contacts
Listed by Lunnen Real Estate Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$122,298.00
$10,191.50/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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