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Restaurant

Taco John's

801 Dakota Ave, Wahpeton, ND 69301

Listing Price: $1,597,833

Cap Rate
6.00%
Tenant Name
Wahpeton Hospitality TN, LLC
Guarantor
Franchisee Guarantee
Rentable SF
2,047
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.83

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 801 Dakota Ave in Wahpeton, North Dakota. The site consists of roughly 2,047 rentable square feet of building space on estimated 0.28-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $95,870 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Site to be Reimaged | Contact Broker for more Information
  • One and a Half Percent (1.50%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Restaurant

Taco John's

Listing Price: $1,597,833

Cap Rate
6.00%
Tenant Name
Wahpeton Hospitality TN, LLC
Guarantor
Franchisee Guarantee
Rentable SF
2,047
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.83

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Site to be Reimaged | Contact Broker for more Information
  • One and a Half Percent (1.50%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Taco John’s located at 801 Dakota Ave in Wahpeton, North Dakota. The site consists of roughly 2,047 rentable square feet of building space on estimated 0.28-acre parcel of land. This Taco John’s will be subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $95,870 and will be scheduled to increase 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

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