3851 32Nd AveGrand Forks, ND 58201

This exceptional investment opportunity presents a 3,210 square foot Arby's restaurant in Grand Forks, North Dakota, situated on a 0.99-acre lot. The property boasts a new 20-year absolute triple-net (NNN) lease, commencing December 1, 2024, and expiring December 1, 2044, with four 5-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent growth in rental income. The current annual net operating income (NOI) is $145,485, yielding a 5.50% cap rate. The franchisee, a significant and expanding Arby's operator with a long history in the system, operates this location. The property's strategic location is a key advantage, positioned on a signalized corner pad site adjacent to Grand Forks Marketplace, a high-traffic retail center anchored by Target and Lowe's, and easily accessible from I-29. The surrounding area features a dense concentration of retail establishments and hotels, further enhancing the property's value and potential for strong returns. The property was built in 2004 and achieved gross sales of $1,939,802 in 2023, indicating a healthy rent-to-sales ratio of 7.50%. This is a turnkey investment with minimal landlord responsibilities, offering a compelling combination of strong tenant, favorable lease terms, and prime location. The asking price is $2,645,000.