Freddy's – Fargo
2653 45th Street S
Fargo, ND 58104
Highlights
- OFFERING SUMMARY
- Address: 2653 45th St S, Fargo, ND
- Concept: Freddy's Frozen Custard & Steakburgers
- Tenant: Franchisee
- Price: $1,700,000
- Cap Rate: 6.7% Current
- NOI: $114,000 (Current)
- Building Size (SF): ±4,276 SF
- Lot Size (AC): ±0.90 Acres
- Year Built: 2013
- LEASE TERMS
- Lease Commencement: In Place
- Lease Term Expiration: April 2032
- Term Remaining: 6 Years
- Lease Type: Modified NNN
- Landlord Responsibilities: Roof, Structure, HVAC
- Monthly Rent: $9,500
- Annual Base Rent: $114,000 (Current)
- Renewal Options: 4 x 5-Year Options
Description
Freestanding NNN-leased Freddy's restaurant available for sale! 4,276 SF building with drive-thru leased to a multi-unit Freddy's Franchisee on 39,330 SF lot. Four 5-year renewal options. 6 years remaining on primary term.
The property at 2653 45th Street South, Fargo, North Dakota offers a prime opportunity to acquire a high-quality single-tenant net lease asset ideally suited for a high-performing quick-service restaurant tenant. The ±4,276-square-foot building sits on 0.90 acres, featuring a single-lane drive-thru, a modern brick façade, and 37 dedicated parking spaces.
Strategically located along 45th Street S near Interstate 29, the site offers excellent visibility and access in a growing retail corridor surrounded by Sanford Medical Center, Scheel's Arena, Starbucks, AT&T, Slim Chickens, and a new Kwik Star. The 5-mile trade area includes more than 174,000 residents, strong household incomes, and steady population growth. The property also benefits from excellent regional connectivity, located 6.6 miles from Fargo Amtrak Station and within 20 minutes of Hector International Airport.
Backed by a proven Freddy's franchisee, the property has over six years remaining on the initial term with scheduled rent increases and multiple renewal options, making it a passive, long-term investment. With more than 300 locations nationwide, Freddy's Frozen Custard & Steakburgers is a strong national brand, offering investors both tenant security and location strength in one of Fargo's most dynamic commercial corridors.
