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3610 E River Rd NE
Rochester, MN 55906
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
- Potential for 100% Bonus Depreciation (Fee-Simple Asset) 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 E River Rd NE, a key commuter and residential corridor in Rochester, 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 multi-unit operator.
The site benefits from strong traffic exposure, proximity to U.S. Highway 63, and immediate access to major economic anchors including the Mayo Clinic, University of Minnesota Rochester, IBM, and multiple residential neighborhoods. The tenant is completing a full BP conversion at their own expense, enhancing long-term operational performance and positioning the property for sustained consumer demand.
The site benefits from strong traffic exposure, proximity to U.S. Highway 63, and immediate access to major economic anchors including the Mayo Clinic, University of Minnesota Rochester, IBM, and multiple residential neighborhoods. The tenant is completing a full BP conversion at their own expense, enhancing long-term operational performance and positioning the property for sustained consumer demand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
2,586 SF
Building Class
C
Year Built/Renovated
1985/2026
Price
$1,765,517
Price Per SF
$682.72
Cap Rate
7.25%
NOI
$128,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.58 AC
Zoning
B-4
Property Taxes
| Parcel Number | 74.24.23.085444 | Improvements Assessment | $352,300 |
| Land Assessment | $228,700 | Total Assessment | $581,000 |
Property Taxes
Parcel Number
74.24.23.085444
Land Assessment
$228,700
Improvements Assessment
$352,300
Total Assessment
$581,000
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