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100 N Main St
Pine Island, MN 55963
BP Gas Station | Absolute-NNN Lease · Retail Property For Sale
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 N Main Street, a key commuter and residential corridor in Pine Island, Minnesota. 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 39-unit operator with a proven track record across multiple markets.
The site benefits from strong traffic exposure, immediate access to U.S. Highway 52, and proximity to major employers and national retailers including Land O’Lakes and Dollar General, supporting consistent consumer demand throughout the trade area. The tenant is completing a full BP rebranding and remodel entirely at their own expense, enhancing long-term operational performance and positioning the property for sustained demand within this growing regional corridor.
The site benefits from strong traffic exposure, immediate access to U.S. Highway 52, and proximity to major employers and national retailers including Land O’Lakes and Dollar General, supporting consistent consumer demand throughout the trade area. The tenant is completing a full BP rebranding and remodel entirely at their own expense, enhancing long-term operational performance and positioning the property for sustained demand within this growing regional corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,800 SF
Building Class
B
Year Built/Renovated
1994/2026
Price
$1,725,490
Price Per SF
$958.61
Cap Rate
7.65%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.39 AC
Property Taxes
| Parcel Number | 68.100.1050 | Improvements Assessment | $288,600 |
| Land Assessment | $85,200 | Total Assessment | $373,800 |
Property Taxes
Parcel Number
68.100.1050
Land Assessment
$85,200
Improvements Assessment
$288,600
Total Assessment
$373,800
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