1552 Albion Ave - Service Station FOR SALE


Fairmont, MN 56031
$971,429 USD
408-510-9057
1552 Albion Ave, Fairmont, MN for Sale
$971,429 USD
Service Station - FOR SALE
1/3
null | 7.35% Cap Rate

1552 Albion Ave
Fairmont, MN 56031


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
  • Established Shell Gas Station & Convenience Store

OVERVIEW

Marcus & Millichap is pleased to present a Shell-branded fuel and convenience retail asset located along Albion Avenue, a key commercial and commuter corridor in Fairmont, Minnesota. The property is secured by a long-term absolute-NNN lease with ±19 years remaining, offering investors stable, passive income backed by KeyStone Retail and Affiliates, an established 39-unit operator with a proven multi-market track record. The site benefits from strong visibility, immediate proximity to Interstate 90, and consistent traffic generated by surrounding residential neighborhoods, agricultural operations, and regional employers. Positioned within Fairmont’s primary commercial trade area and surrounded by national retailers—including Hy-Vee, Walmart, Dunham’s, Dollar Tree, Fareway, O’Reilly Auto Parts, and Ford—the property is strategically located to capture daily consumer demand. With 2% annual rent increases, a fee-simple ownership structure, and potential eligibility for 100% bonus depreciation, this offering provides an attractive, long-term net-lease investment in a stable southern Minnesota market.

FOR SALE DETAILS

PRICE

$971,429 USD

PRICE/SF

$320 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shell | Absolute-NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

231320010

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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