Fantastic investment property is now for sale on the highly visible Demers Avenue in Grand Forks! The property consists of five buildings total, including the current Dakota Boys and Girls Ranch retail store and warehouse, rented storage units, rented auto shop, and two rented residential houses. Dakota Boys and Girls Ranch intend to sign a long-term lease with the new owner, making it a great anchor tenant.
This unique property has many highlights, including large visible signage on Demers Avenue, frontage road access, five overhead doors in the main retail/warehouse building, employee lounge, two mezzanines, conveyor to mezzanine, multiple restrooms, and security surveillance. At an approximate 8% proforma cap rate, this is a great opportunity for an investment property with potential for redevelopment in the future!
*Financials and leases are available upon request.