October 16
Horizon Sells Freddy's Frozen Custard & Steakburgers NNN Investment in South Fargo
Horizon Real Estate Group is pleased to announce the sale of the Freddy's Frozen Custard & Steakburgers building at 2653 45th Street South in Fargo, North Dakota. The sale closed on October 16, 2026. Horizon's Cole Foss and David Schlossman represented the seller.
A Single-Tenant Investment on a Busy South Fargo Corridor
Built in 2022, the free-standing restaurant is fully leased to a Freddy's franchisee and sits along 45th Street South, surrounded by established national and regional retailers.
- Single-tenant, free-standing restaurant with drive-thru
- Built in 2022
- Leased to an operating Freddy's Frozen Custard & Steakburgers franchise
- South Fargo retail corridor with strong daily traffic and neighboring national brands
Why Net-Leased Investments Keep Gaining Popularity
Single-tenant properties like this one are becoming more and more popular with investors, largely because of how the lease is structured. Under a modified NNN (net) lease, the tenant pays the property taxes, insurance, and the majority of the operating expenses on top of base rent.
That leaves the owner with a very predictable stream of cash flow and far fewer day-to-day management responsibilities than a multi-tenant building. For local investors, 1031 exchange buyers, and anyone looking for steady income backed by a recognizable brand, net-leased restaurant and retail properties remain one of the most sought-after asset types in the Fargo-Moorhead market.
Thinking About Buying or Selling an Investment Property?
Whether you own a net-leased building or are looking to add one to your portfolio, Horizon's commercial team can help you evaluate the opportunity and get the deal done. Contact Horizon to start the conversation.
