102 Mill St S - Retail FOR SALE


Brownsdale, MN 55918
$1,254,902 USD
310-909-5400
102 Mill St S, Brownsdale, MN for Sale
$1,254,902 USD
Retail - FOR SALE
1/3
null | 7.65% Cap Rate

102 Mill St S
Brownsdale, MN 55918


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 Mill Street (CR-34), a primary local thoroughfare serving Brownsdale and the surrounding Southern Minnesota trade area. 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 multi-unit operator with a proven track record across 39 locations. The site benefits from consistent daily traffic generated by local residential neighborhoods, agricultural activity, and regional commuter routes, with immediate connectivity to Interstate 90 and the nearby Austin, MN employment base. The tenant is completing a full BP conversion at their own expense, enhancing long-term operational performance and positioning the property to serve sustained consumer demand within this established rural-suburban corridor.

FOR SALE DETAILS

PRICE

$1,254,902 USD

PRICE/SF

$705 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

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

-

APN/PARCEL ID

22-001-0160

ASK ABOUT THIS PROPERTY

Jeni TranMarcus & MillichapMore Info
310-909-5400

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Jeni TranMarcus & MillichapMore Info
310-909-5400

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