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1552 Albion Ave
Fairmont, MN 56031
Shell | 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)
- Established Shell Gas Station & Convenience Store
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
1,992 SF
Building Class
C
Year Built
1971
Price
$952,381
Price Per SF
$478.10
Cap Rate
7.35%
NOI
$70,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.33 AC
Parking
6 Spaces (3.01 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 231320010 | Improvements Assessment | $63,700 |
| Land Assessment | $59,100 | Total Assessment | $122,800 |
Property Taxes
Parcel Number
231320010
Land Assessment
$59,100
Improvements Assessment
$63,700
Total Assessment
$122,800
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