940 Evergreen Sq SW - Service Station FOR SALE


Pine City, MN 55063
$1,600,000 USD
303-921-7902
940 Evergreen Sq SW, Pine City, MN for Sale
$1,600,000 USD
Service Station - FOR SALE
1/5
null | 5.68% Cap Rate

940 Evergreen Sq SW
Pine City, MN 55063


OVERVIEW

• New 15 Year Absolute NNN Lease with Four 5-Year Options to Renew • 10% Rent Increases Every 5 Years Throughout the Initial Term and in Each of the Option Periods • Lease Guaranteed by Montfort Companies Parent Entity - Montfort is the Largest 7-Eleven Franchisee and Growing C-Store Operator Under the BP Brand, Which Has a Strong Presence in Minnesota • Convenience Stores Have Been Designated an "Essential Business" by the Department of Homeland Security • C-Stores Generate "Daily Needs" Business and Have a Stable Consumer Base • Fuel Profit Margins Have Increased Year Over Year • Newer Construction Asset and Larger Format, 1,200 Square Foot Store with 6 Multiple Pump Dispensers (12 Fueling Pumps) • Strategically Positioned at the Entrance to Walmart Supercenter with a Direct, Signalized Entrance • The Only Walmart Within 30 Minutes • Located Off Interstate 35 with Over 30,000 Vehicles Per Day •Stretches from Canada to Mexico and is One of the Busiest Highways in the Nation • Less Than Half a Mile from Pine Technical & Community College with More Than 700 Students Enrolled • Situated 1 Mile from Pine City High School & Elementary Schools with over 1,600 Students & Faculty

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$1,333 USD /SF

CAP RATE

5.68%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C

APN/PARCEL ID

042.5888.000

ASK ABOUT THIS PROPERTY

Kristen AnilionisColdwell Banker Commercial RealtyMore Info
303-921-7902

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Kristen AnilionisColdwell Banker Commercial RealtyMore Info
303-921-7902

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