Multi-Tenant Retail

Columbia Plaza

2450 South Columbia Road
Grand Forks, ND

100% Leased To
Ross Dress for Less, Harbor Freight & PetSmart

Price:
$8,800,000

Cap Rate:
8.07%

Passive

NNN Leases

100% National Tenants

Corporate Credit

2018 Renovation

Brand New Roof 2022

1.1% Local Vacancy Rate

(4.4% U.S. Avg)

INVESTMENT HIGHLIGHTS

100% National Tenants | Ross, PetSmart & Harbor Freight
±5-Year Average Lease Term | Long-Term Cash Flow
Full 2018 Renovation | No Deferred Maintenance
Grand Forks International Airport | 12th Busiest U.S. Airport | <6 Miles from Property

NNN Leases | Passive Investment Opportunity
Exceptional Market Fundamentals | 20% Population Growth Since 2000 | 1.1% Retail Vacancy (vs. 4.4% U.S. Avg.)
15% Avg. HH Income Growth | Projected in Market Next 5 Years
University of North Dakota | 17,000+ Students & Staff | <2 Miles from Property

Exclusively Listed By

Brandon Duff

Managing Director, Senior Vice President
bduff@northmarq.com +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
mwolfgram@northmarq.com +1 312.777.2454

Brandt Fuller

Senior Analyst
bfuller@northmarq.com +1 312.777.2446

In Association With
Andy Kocemba

Lic. #8528

Northmarq

303 E. Wacker Drive, Suite 1111
Chicago, IL 60601

northmarq.com