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Map ViewSatellite ViewSingle-Tenant QSR Investment
Sale Price
$2,581,600
Cap Rate
5.5%
Building Size
2,305 SF +/-
Parcel Size
0.64 Acres +/-
Location Highlights
The property is located along South University Drive near the intersection of 13th Avenue South, an established commercial corridor in Fargo, North Dakota. University Drive carries approximately 23,000 vehicles per day and provides convenient connections to Interstate 94, Downtown Fargo, and North Dakota State University. The surrounding area features established residential neighborhoods, healthcare facilities, and neighborhood-serving businesses, including Sanford South University Medical Center, The Meadows on University, and the recently completed BLOC mixed-use development. With approximately 109,512 residents within three miles and a daytime population of 14,430 within one mile, the property benefits from an established residential and employment base supported by continued commercial reinvestment.
Description
- Single-tenant Starbucks investment property
- Freestanding retail building constructed in 2019
- Single-lane drive-thru with 8′-6″ clearance
- Outdoor concrete patio
- Well-lit surface parking lot with 22 stalls, including two dedicated mobile order spaces
- Starbucks attracted ~370,000 visits from 85,800 unique visitors over a 12-month period, averaging 4.31 visits per visitor (Placer.ai)
- Ranked 3rd among 15 Starbucks locations in North Dakota for estimated annual visits (Placer.ai)
- South University Drive carries approximately 23,000 vehicles per day
- Established commercial corridor serving Fargo residents, area employees, and the greater Fargo-Moorhead metropolitan area
- Contact the listing broker to execute an NDA and request access to the full investment package, including lease details and financial information
- Additional Starbucks investment opportunities available in Mitchell, SD, and Ankeny, IA
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