Property Address
4761 13th Avenue South, Fargo, ND, USA
Offering Summary
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Price: $3,485,000
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Lot Size: .83 Acres
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Cap Rate: 7.25%
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Year Built: 1992/2020
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Building SF: 9,024
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Status: In Escrow
Submit Offer
- 6+ Years Remaining on Corporate Lease with Skechers (NYSE: SKX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options; Near Term Scheduled Increase in 18 Months
- Successful Location: Tenant Recently Waived One-Time Early Termination Option
- Outparcel to Walmart Supercenter and Sam's Club
- 162,235 Residents within a Five-Mile Radius - Population and Households Projected to Increase 9 to 10 Percent in the Surrounding Area by 2027
- Sketchers Reported Record Quarterly Sales of $2.02 Billion in Q3 2023, a YOY Increase of 7.8 Percent
- Signalized Hard Corner Location Visible to 21,480 Cars per Day Along 13th Ave South
- Average Household Income Exceeds $87,000 within a Five-Mile Radius
- Located in a Significant Retail Corridor Down the Road from West Acres Mall
Broker Information
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Brennan Clegg
Agent
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Mark Ruble
Agent
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Chris Lind
Agent