1738 S Broadway - Service Station FOR SALE


Minot, ND 58701- Downtown Minot
$1,600,000 USD
415-604-4288
1738 S Broadway, Minot, ND for Sale
$1,600,000 USD
Service Station - FOR SALE
1/5
null | 6.75% Cap Rate

1738 S Broadway
Minot, ND 58701
Downtown Minot


HIGHLIGHTS

  • New 15-year absolute NNN lease with four (4) five (5) year extension periods
  • Excellent 6% rental increase after year five, with rare 1.5% annual rental increases for the remainder of the lease term
  • Take 5 Oil Change has nearly 800 locations, proving strong performance across the entire company
  • High-visibility and easily accessible location along Minot’s most traveled motorway with direct access to 28,230 vehicles per day
  • 53,366 residents live within five miles of the property, increasing visibility to customers in need of essential and routine vehicle services

OVERVIEW

Positioned at the busy intersection of South Broadway and 18th Avenue Southwest, the location benefits from heavy traffic flow, providing excellent visibility for passing drivers. South Broadway is a major commercial route in Minot, with nearby businesses and shopping centers driving regular customer traffic to the area. Situated on a key thoroughfare for commuters traveling to and from downtown Minot, the location attracts steady drive-in customers needing quick oil changes. Surrounded by major retailers, grocery stores, and restaurants, the shop benefits from customers running errands who can conveniently stop for oil changes. Located near residential neighborhoods, the shop serves as a convenient service stop for nearby families and individuals looking for quick vehicle maintenance. The nearby university campus increases traffic from students, faculty, and staff, offering a consistent customer base for the business. Proximity to car dealerships and other auto services makes the location ideal for capturing overflow and cross-service customers.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$963 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C2

APN/PARCEL ID

MI-26358-020-004-3

ASK ABOUT THIS PROPERTY

Scott CrowleCushman & WakefieldMore Info
415-604-4288

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Scott CrowleCushman & WakefieldMore Info
415-604-4288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.