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BP Gas Station | Absolute-NNN Lease 102 Mill St S 960 SF Retail Building Brownsdale, MN 55918 $1,729,431 CAD ($1,801.49 CAD/SF) 7.65% Cap Rate
Investment Highlights
- ±19 Years Remaining on Absolute-NNN Lease
- Potential for 100% Bonus Depreciation (Fee-Simple Asset)
- Clean Environmental Reports And Recent Survey On File
- 2% Annual Rent Increases During Initial Lease Term and Options
- Large Scale Established & Successful Operator (39-Unit Guaranty)
- Site Is Currently Undergoing A Rebranding To BP Entirely At Tenant's Expense
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
960 SF
Building Class
B
Year Built/Renovated
1966/2026
Price
$1,729,431 CAD
Price Per SF
$1,801.49 CAD
Cap Rate
7.65%
NOI
$132,301 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.19 AC
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 22-001-0160 | Improvements Assessment | $29,207 CAD |
| Land Assessment | $6,644 CAD | Total Assessment | $35,852 CAD |
Property Taxes
Parcel Number
22-001-0160
Land Assessment
$6,644 CAD
Improvements Assessment
$29,207 CAD
Total Assessment
$35,852 CAD
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BP Gas Station | Absolute-NNN Lease | 102 Mill St S
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