Retail    

Tioga Retail Center

   Tioga, ND

Asking Price

$2,983,610

Cap Rate

8.50%

Icons_NM_White_industrial

Mission Critical Location

Near Hess Gas Plant

Icons_NM_White_lease

100% Occupied

3 Established Tenants

Icons_NM_White_retail

Grocery Store

Anchored Center

Icons_NM_White_multifamily

Customer Base

Nearby Apartments

For more details on this exclusive listing, execute the following NDA:

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Mission Critical Location for HESS - Tioga is home to North Dakota's largest natural gas processing plant. This mission critical facility guarantees employment by Hess for the long term future.
  • Grocery Anchored Center - The property is located next to the only grocery store in Tioga, and is partially occupied by the grocer, an essential service.
  • 100% Occupancy w/Established Operating History - The majority of tenants have operated at this site since it was built in 2014.
  • Built-in Customer Base - Built adjacent to four apartment complexes, as well as the regional medical and community centers, the site benefits from nearby apartment occupants, community members and employees.

 

  • Optimal Accessibility and Placement - Prominently placed at the northeastern entrance of Tioga, the property's location provides easy accessibility for customers and commuters.
  • Well Maintained Property with upgrades - Ownership has taken extensive measures to ensure the property remains well maintained. In addition to no deferred maintenance, the property boasts built-in fire monitoring suppression and sprinkler systems, exterior security cameras and LED parking lot lighting.
  • Affluent Market - The average household income is ± $100,000 in a 1-mile radius of the property.

Exclusively Listed By

Jason Maier

Senior Vice President
  jmaier@northmarq.com      646.841.0627

Shaan Dadlani

Associate, Investment Sales
  sdadlani@northmarq.com      646.845.8426

Ashley Wilhide

Lead Operations Analyst
  awilhide@northmarq.com      646.845.8424

In Association With:
Andrew W. Kocemba
ND #8528

Northmarq

120 W 45th St, Suite 2610
New York City, NY 10036
P: +1 646.778.5560


northmarq.com