Burger King - Dickinson, ND
Burger King For Sale | 5.52% Cap Rate | NNN
Marketing description
AiCRE Partners, as exclusive investment sales advisor to the Seller, is pleased to present the opportunity to acquire the fee simple interest in this high-performing Burger King restaurant located in Dickinson, North Dakota. The property is leased to NDM Restaurants L.C., one of the nation's largest Burger King franchisees with more than 130 locations, providing investors with the strength and stability of an experienced multi-unit operator. The restaurant has consistently delivered exceptional operating performance, generating approximately $2.1 million in gross sales during 2025, significantly above Burger King's Average Unit Volume (AUV). Unlike a typical net lease investment, the lease includes 8.5% percentage rent, providing investors with the opportunity to participate in the tenant's continued sales success while maintaining dependable base rental income.
Strategically positioned along Interstate 94, the property benefits from outstanding visibility and a regional customer base extending throughout Western North Dakota and the Bakken oil region. The franchisee has indicated interest in a potential corporate-image remodel which, per the existing lease and franchise agreement, could trigger a new 20-year lease term - presenting investors with a compelling combination of in-place cash flow, percentage rent upside, and meaningful long-term value enhancement backed by one of the world's most recognized quick-service restaurant brands.
Investment highlights
- STRONG FRANCHISEE GUARANTOR - NDM Restaurants L.C. operates more than 130 Burger King locations. Multi-unit operators provide significantly stronger credit than single-unit franchisees, offering investors additional confidence in the tenant's long-term viability.
- DICKINSON AS A REGIONAL HUB - Dickinson serves as the primary retail and service center for Western North Dakota, drawing consumers from surrounding communities and the Bakken oil region.
- LONG-TERM LEASE WITH RENTAL GROWTH - Lease runs through May 2036 and includes additional 5-year renewal options with $300.00 per month increase per Renewal Term, providing predictable income growth.
- TOP-RANKED LOCATION - Ranked #2 out of 16 Burger King locations in North Dakota by Placer.ai sales data (March 2025-February 2026) and #1 within a 50-mile radius.
- INTERSTATE 94 VISIBILITY & ACCESS - Located along a primary commercial corridor with excellent access and visibility from Interstate 94, benefiting from both local traffic and regional commuters.
- PROVEN SALES PERFORMANCE - The location generated approximately $2.1 million in gross sales during 2025, demonstrating strong operational performance.
- REGIONAL RETAIL HUB WITH EXPANDED TRADE AREA - Dickinson draws consumers from numerous surrounding rural communities, creating a trade area significantly larger than the immediate population base and supporting long-term tenant sales performance.
- STRONG DEMOGRAPHICS & CONSUMER PROFILE - Approximately 28,600 residents within a 5-mile radius with average household incomes approaching $98,000. Fast-food consumption remains strong, with approximately 45% of adults ages 20-39 consuming QSR meals daily.
- HIGH BARRIERS TO ENTRY FOR DRIVE-THRU QSR - Limited new drive-thru development due to rising construction costs, zoning restrictions, entitlement challenges, and a lack of available sites. Existing locations benefit from supply constraints and established market positioning.
- PROVEN NATIONAL BRAND - Burger King remains one of the largest quick-service restaurant brands globally. The tenant benefits from national advertising, strong brand recognition, customer loyalty, and a recession-resistant business model.
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