100 N Main St - Service Station FOR SALE


Pine Island, MN 55963
$1,760,000 USD
408-510-9057
100 N Main St, Pine Island, MN for Sale
$1,760,000 USD
Service Station - FOR SALE
1/3
null | 7.65% Cap Rate

100 N Main St
Pine Island, MN 55963


HIGHLIGHTS

  • ±19 Years Remaining on Absolute-NNN Lease
  • 2% Annual Rent Increases During Initial Lease Term and Options
  • Potential for 100% Bonus Depreciation (Fee-Simple Asset)
  • Large Scale Established & Successful Operator (39-Unit Guaranty)
  • Clean Environmental Reports And Recent Survey On File
  • Site Is Currently Undergoing A Rebranding To BP Entirely At Tenant's Expense

OVERVIEW

Marcus & Millichap is pleased to offer a newly remodeled BP-branded fuel and convenience retail asset located along N Main Street, a key commuter and residential corridor in Pine Island, Minnesota. The property is secured by a long-term absolute-NNN lease with ±19 years remaining, providing investors with stable, passive income backed by KeyStone Retail and Affiliates, an established 39-unit operator with a proven track record across multiple markets. The site benefits from strong traffic exposure, immediate access to U.S. Highway 52, and proximity to major employers and national retailers including Land O’Lakes and Dollar General, supporting consistent consumer demand throughout the trade area. The tenant is completing a full BP rebranding and remodel entirely at their own expense, enhancing long-term operational performance and positioning the property for sustained demand within this growing regional corridor.

FOR SALE DETAILS

PRICE

$1,760,000 USD

PRICE/SF

$587 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BP Gas Station | Absolute-NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

68.100.1050

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.