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  3. Fargo
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For Sale

Freddy's – Fargo

2653 45th Street S, Fargo, ND 58104

The property at 2653 45th Street South, Fargo, North Dakota offers a prime opportunity to acquire a high-quality single-tenant net lease asset ideally suited for a high-performing quick-service restaurant tenant. The ±4,276-square-foot building sits on 0.90 acres, featuring a single-lane drive-thru, a modern brick façade, and 37 dedicated parking spaces. Strategically located along 45th Street S near Interstate 29, the site offers excellent visibility and access in a growing retail corridor surrounded by Sanford Medical Center, Scheel's Arena, Starbucks, AT&T, Slim Chickens, and a new Kwik Star. The 5-mile trade area includes more than 174,000 residents, strong household incomes, and steady population growth. The property also benefits from excellent regional connectivity, located 6.6 miles from Fargo Amtrak Station and within 20 minutes of Hector International Airport. Backed by a proven Freddy's franchisee, the property has over six years remaining on the initial term with scheduled rent increases and multiple renewal options, making it a passive, long-term investment. With more than 300 locations nationwide, Freddy's Frozen Custard & Steakburgers is a strong national brand, offering investors both tenant security and location strength in one of Fargo's most dynamic commercial corridors.Freestanding NNN-leased Freddy's restaurant available for sale! 4,276 SF building with drive-thru leased to a multi-unit Freddy's Franchisee on 39,330 SF lot. Four 5-year renewal options. 6 years remaining on primary term.

Key features

  • Address: 2653 45th St S, Fargo, ND
  • Annual Base Rent: $114,000 (Current)
  • Building Size (SF): ±4,276 SF
  • Cap Rate: 6.7% Current
  • Concept: Freddy's Frozen Custard & Steakburgers
  • Landlord Responsibilities: Roof, Structure, HVAC
  • Lease Commencement: In Place
  • Lease Term Expiration: April 2032
  • LEASE TERMS
  • Lease Type: Modified NNN
  • Lot Size (AC): ±0.90 Acres
  • Monthly Rent: $9,500
  • NOI: $114,000 (Current)
  • OFFERING SUMMARY
  • Price: $1,700,000
  • Renewal Options: 4 x 5-Year Options
  • Tenant: Franchisee
  • Term Remaining: 6 Years
  • Year Built: 2013
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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Contacts

broker
David Schlossman, CCIM

Horizon Real Estate Group

Building Details

  • For Sale $1,700,000
  • Property Type Retail - Restaurant
  • Property Size 4,276 SF
  • Lot Size 0.9 Acre
  • Year Built 2013
  • Date Updated May 6, 2026

Attachments

  • Property Brochure 1 ()opens in new window

Getting Around

  • Walk Score ®

    Car-Dependent (42)
  • Transit Score ®

    Minimal Transit (20)
  • Bike Score ®

    Bikeable (50)
Powered by Walk Score ®

Location

  • City Fargo, ND
  • Neighborhood Urban Plains
  • Zip Code 58104

Points of Interest

Casey's General Store

0.21 miles

Petro

0.79 miles

Flying J

0.97 miles

Love's

1.03 miles

Costco Gasoline

1.08 miles

Tesla Supercharger

1.20 miles

WDAY Parking

3.99 miles

WDAY Tower Parking

4.03 miles

Red Raven Espresso Parking Lot

4.08 miles

Island Park Parking

4.13 miles

Block Six Parking Garage

4.23 miles

Block Six Parking (Permit Only)

4.23 miles

Island Park Ramp

4.31 miles

Main Avenue Lot

4.34 miles

2nd Avenue South Lot

4.39 miles

Kohl's

1.42 miles

TJ Maxx

1.45 miles

JCPenney

1.45 miles

Hornbacher's

1.51 miles

Macy's

1.52 miles

Target

1.53 miles

West Acres Shopping Center

1.55 miles

African Market

1.57 miles

Natural Grocers

1.68 miles

2653 45th Street S Listing Summary

  • What is the asking price at Freddy's – Fargo?

    Freddy's – Fargo is currently listed for sale at Contact for pricing.

  • What is the total size of Freddy's – Fargo?

    Freddy's – Fargo has a total of 4,276 square feet.

  • What is the year built for Freddy's – Fargo?

    The year built for Freddy's – Fargo is 2013.

Contact Listing Broker
broker
David Schlossman, CCIM

Horizon Real Estate Group

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