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300 Broadway North
Fargo, ND 58102
Asking Price
$450K
Cap Rate
7.1%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
New 5 year Lease - Erbert & Gerberts <p>Investment opportunity in the heart of Downtown Fargo, anchored by Erbert & Gerberts sandwich franchise under new ownership. The tenant has executed a new 5-year lease running through June 2031, featuring scheduled annual rent increases. With a Year 1 Net Operating Income of $31,970, delivering consistent, predictable cash flow in one of the most vibrant and recognizable buildings in Downtown Fargo. Downtown Fargo’s continued revitalization, make this an ideal asset for investors seeking a lo
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NOI
$80,000
Cap Rate
17.78%
DSCR
2.99
Strong
Cash-on-Cash
39.47%
Monthly Payment
$2,226.354
Annual Cash Flow
$53,283.746
