7997 Lake Dr | Circle Pines, MN 55014
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7997 Lake Dr
Circle Pines, MN 55014
MARATHON · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Turn-Key Operation – Fully equipped gas station & convenience store, with additional additional income from liquor store & restaurant tenants.
- Bonus Depreciation Eligible – Consult with your CPA
- Open Fuel Contract – Current contract can be terminated with 30 days notice.
- High Performing Location – #1 Most Visited Marathon in Lino Lakes, Top 77% in Minnesota (AlphaMap)
- Multi-Tenant Concept – Liquor store & restaurant tenant attract broader customer base & provide $48,000 in rent annually to landlord.
- Portfolio Sale – This property can be purchased with 2636 University Ave SE, Minneapolis, MN 55418 for a portfolio discount.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Retail
Building Size
6,300 SF
Building Class
C
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.80 AC
Zoning
C - C zoning, or commercial zoning
Parking
30 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Signage
PROPERTY TAXES
| Parcel Number | 09-31-22-22-0011 | Improvements Assessment | $626,898 |
| Land Assessment | $432,481 | Total Assessment | $1,059,379 |
PROPERTY TAXES
Parcel Number
09-31-22-22-0011
Land Assessment
$432,481
Improvements Assessment
$626,898
Total Assessment
$1,059,379
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