15,600 SF Triple Net Leased Building Stanley, ND

 

HIGHLIGHTS

PRICE: $2,995,000
CAP RATE: 11.04%
NOI: $330,744
BUILDING SIZE: 15,600 SF
LOT SIZE: 1.5 acres
OCCUPANCY: 100%
LOCATION: Stanley, ND
 


Triple Net Leased Retail Building | Stanley, North Dakota

PRIME INFILL LOCATION IN HEART OF THE BAKKEN OIL SHALE
CAP RATE: 11.04% ($2,995,000)

Multi-tenant NNN leased Retail Building - Newly constructed 15,600 SF retail building on a commercial zoned lot
100% occupancy with multi state national tenants
NOI: $330,744  NNN
Scheduled rental increases of 3% every year
Prime location with close proximity to Cashwise, O’Reilly Auto Parts, Holiday Gas Station, Tractor Supply, NAPA, Microtel and many more
All City utilities (water, power, sewer, natural gas, fiber-optic, fire suppression available)
Paved road access, with a paved parking lot, cubs and gutters
Stanley ND is located at the center of the drilling activity for the Bakken Formation. Tremendous oil reserves are being estimated for the Bakken/Three Forks Formation. The total estimates on the amount of oil production could increase dramatically in the future, as drilling companies are now not only drilling in the Bakken Formation, but also into the Three Forks Formation, which is directly below the Bakken.


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