8923 Oil Avenue

Williston, ND 58801

About this property

Presenting an Absolute NNN lease with a Fortune 500 Company in Williston, North Dakota. The subject property was constructed in 2017 and includes a 23,290 square foot clear span, steel building that is home to a FedEx Ship Center. Features a 15-year initial lease term (12.5 years remaining) with an additional two 5-year options to extend at pre-negotiated rent increases. 3% bump every 5 years, lease expires November 30, 2032. There are zero landlord expense obligations providing a no-maintenance investment.The property is located in a commercial area near US Hwy 85 and US Hwy 2. Since 1887, Williston has been the regional hub of northwest North Dakota. Located near the confluence of the Yellowstone and Missouri Rivers, this area has historically been the economic center of the trade area. Williston continues to be a thriving economic area due to the agricultural heritage and the position as a hub city to the world class Bakken oil play. Shale technology has allowed the Bakken to produce over 1,000,000 barrels of oil per day. Williston's population has tripled over the last 10 years. Well over 2 billion dollars of new construction has provided housing and infrastructure to meet the needs of the growing city. In 2019, a new airport opened just north of the city. This will allow for improved air service for the growing economic base.  FedEx ranks #47 on the 2019 Fortune 500 list with over $65,450M in revenues reflecting 8.5% revenue growth. This includes $4,572M in profits which are up 52.6% from 2018. Their assets are $52,330M and the employ 359,000 people. FedEx is the world's second-biggest package-shipper next to the United Parcel Service. https://fortune.com/fortune500/2019/fedex/

Date Added
April 6, 2020
Listing Status
Days On Site

Features and Additional Information

Lot Size
108,900 SqFt
Property Type
Property View
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$6,150,000 Active
0 Beds
0 Full Baths
23,290 SQFT

Presented By Coldwell Banker Distinctive Properties, Bozeman

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Area Information

| Williams County |

$ 6,150,000
This listing is play_arrow 0.0% lower than the average in the area
$ 6,150,000 in the area
23,290 SqFt
This listing is play_arrow 0.0% smaller than the average in the area
23,290 SqFt in the area
$ 264 $/SqFt
This listing is play_arrow 0.0% less than the average in the area
$ 264 $/SqFt in the area
197 days on site
This listing is play_arrow 0.0% below the average in the area
197 days on site in the area

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