Burger King 1701 Highway 2 E

Marcus & Millichap is pleased to present this single-tenant Burger King located at 1701 US-2 in Devils Lake, North Dakota. The property is situated on 1.96 acres and was constructed in 2016. Burger King has 15 years remaining on an Absolute Net lease, operated by Dakota Restaurant Partners, Inc., a 14-unit regional entity, 10 of which are located in North Dakota. There are four five-year options to renew.
This location benefits from limited restaurant competition and is the only Burger King within an 80-mile radius. There are only 15 Burger King locations in the state of North Dakota. The property also has upside through percentage rent, which begins in November 2026.
Restaurant Brands International Inc. (RBI / NYSE: QSR / S&P: BB+) is one of the world’s largest quick-service restaurant companies, with over $43 billion in annual system-wide sales and more than 31,000 restaurants in over 120 countries and territories. RBI owns four of the world’s most prominent quick-service restaurant brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®.
Every day, more than 11 million guests visit Burger King restaurants worldwide, drawn by their reputation for high-quality, great-tasting, and affordable food. Founded in 1954, Burger King® is a global quick-service hamburger chain known for its iconic flame-grilled Whopper® sandwich. The Burger King system operates more than 19,300 locations in over 100 countries and U.S. territories, with nearly 100 percent of these restaurants owned and operated by independent franchisees, many of which are family-owned businesses with decades of experience.
The subject property is well-positioned with high visibility along the Devils Lake retail corridor on US-2, which sees 5,215 vehicles per day. The building is located on the eastern edge of town, directly across from a Walmart Supercenter. There are only five other quick-service restaurants in the area: Hardee’s, McDonald’s, KFC, Dairy Queen, and Taco John’s. Other notable retailers include Tractor Supply, Maurices, Dollar Tree, Family Dollar, and Ace Hardware.
CHI St. Alexius Health Devils Lake Hospital, a 25-bed critical access hospital offering 24/7 emergency care, is located less than two miles from the property. Also nearby is Lake Region State College, a two-year community college with an enrollment of 1,800 students. Five miles to the south is Camp Grafton North, a 1,000-acre military base operated by the North Dakota National Guard, offering Level III military training, lodging, PX, and dining facilities. Camp Grafton South, spanning 9,300 acres and offering navigation courses, convoy training areas, and weapons ranges, is located approximately 45 miles away.
The city of Devils Lake, North Dakota, is a premier vacation and living destination year-round. The name “Devils Lake” is derived from the Native American term Miniwauken, meaning “Spirit Water.” It is the largest natural body of water in the state, spanning over 160,000 acres and featuring hundreds of miles of shoreline. Devils Lake is renowned for its abundance of walleye, northern pike, and white bass, earning it the title “Perch Capital of the World.” It is also ranked as one of the top five fishing lakes in the United States. Each fall, hundreds of thousands of waterfowl migrate through the area, providing exceptional hunting opportunities for both residents and visitors. In 2023, Ramsey County recorded its highest annual visitor spending at $60.78 million, reflecting a 4.9 percent increase over 2022, which was the second-highest year on record.